Which method for evaluating capital project proposals do you favor the most, and why? State the strengths and weakness of each method that contribute to your preference. Also, what is the value of the profitability index? 1. Payback period; 2. ARR; 3. Net Present Value; 4. IRR? Which method for evaluating capital project proposals do you favor the most, and why? State the strengths and weakness of each method that contribute to your preference. Also, what is the value of the profitability index? 1. Payback period; 2. ARR; 3. Net Present Value; 4. IRR