Short Answer - Capital Budgeting (answer each question in your own words and in complete sentences) 1. Which do you think is a more useful measure, the net present value or the internal rate of return? Explain what each one measures and why you think one is more useful thant the other. 2. Which do you think is a more useful measure, the payback period or the simple rate of return? Explain what each one measures and why you think one is more useful than the other. Essay Toolbar navigation. BIUS F !! A 2