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Simply summarize the strengths and weaknesses of six capital budgeting techniques: Payback, discounted payback, NPV, IRR, MIRR, Profitability index. Whats the reasoning behind the EAA

Simply summarize the strengths and weaknesses of six capital budgeting techniques: Payback, discounted payback, NPV, IRR, MIRR, Profitability index.

Whats the reasoning behind the EAA (Equivalent Annual Annuity) approach?

Whats the reasoning behind the replacement chain approach?

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