Please match the correct capital budgeting decision making tool with the most appropriate characteristic of the decision criteria.

Group of answer choices

1.Net Present Value (NPV)

2. Internal Rate of Return (IRR)

3.Profitability Index (PI)

4. Payback Period

These are the options, match with the correct answer

a) This approach makes a decision based on the time a project pays recovers initial investment from the cash flows generated.

b) This approach makes a decision based on the time a project pays back initial investment using the discounted cash flows

c) Reject if computed value if value less than 1

d) The best approach for unconventional cash flows and mutually exclusive project

e) Accept if computed value is greater than expected return