Net Present Value (NPV), Internal Rate of Return (IRR), and Pay Back Period are three investment decision rules that have been traditionally and consistently used by corporations to evaluate the feasibility of investments in capital projects. NPV>0, IRR>Hurdle Rate (or IRR>Cost of Capital), and acceptable Pay Back Period relative to capital constraints.

1. Based on your opinion - and knowledge of the application of these rules, how do see these rules challenged amid the pandemic?

2. Do you envision corporations relaxing or tightening the application of these rules in their corporate planning processes moving forward, as they navigate their response to unprecedented circumstances?

3. What other "rules" / types of rules do you envision being implemented, and why?