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Suppose a firm has evaluated four capital budgeting projects and, using one of the time value of money-capital budgeting techniques, has determined that all of

Suppose a firm has evaluated four capital budgeting projects and, using one of the time value of money-capital budgeting techniques, has determined that all of the projects are acceptable. If the projects are mutually exclusive, which of the following capital budgeting techniques should be used to make the purchasing decision to ensure the firm's value is maximized?

traditional payback period (PB)

the internal rate of return (IRR)

modified internal rate of return (MIRR)

net present value (NPV)

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