In your homework for Chapter 9, you used the following techniques for analyzing projects:

Payback Rule

Discounted Payback Period

Net Present Value

Internal Rate of Return

Why must corporate managers use multiple techniques of project evaluation? Which technique is most commonly used and why? Describe several ways you may be able to use the techniques above as you progress in your professional career. (Identify specific types of projects you could analyze and discuss the advantages and disadvantages of using the techniques learned in this chapter.)