Suppose you have taken over as CEO of ABC Company. You have a group of first time investors with little understanding of captial budgeting. Explain the three budgeting methods (Payback Period, NPV, IRR). Include details and examples so your investors can understand the advantages and disadvantages of each method.

Submission Method: Attach and submit an Excel document (Option 1) or Word document (Option 2). Option 1 note: Round IRR percentage calculations to two decimal places (e.g. 9.12%). Portions of the grade will based on formulas used. Make sure they are available.