Please share the pros and cons for one of these Capital Budgeting methods. Please try to pick a different method from your peers until each of the methods have been discussed.

$1)$ Net Present Value $($NPV$)$

$2)$ Internal Rate of Return $($IRR$)$

$3)$ Payback

$4)$ Profitability Index $($PI$)$ or

$5)$ Simple Rate of Return

I look forward to your posts.