Match the capital budgeting rule with what it measures:

NPV =

PI =

IRR =

Options: 1) Overall return received by investors for investing in a long-term project 2) Increase in value today of investing in a long-term project. 3) Increase in value today per dollar invested in a long-term project.

Example: NPV = Option 1, PI = Option 3, IRR = Option 2