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Two of the major capital budgeting decision methods are the Net Present Value (NPV) method and Internal Rate of Return (IRR) method. Compare those two

Two of the major capital budgeting decision methods are the Net Present Value (NPV) method and Internal Rate of Return (IRR) method. Compare those two methods, providing strengths and weaknesses. Further, under what circumstances would the NPV method work better than the IRR method? Provide examples.

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