Which of the following statements about capital budgeting decision methods is most correct?

• NPV is superior since it is the most conceptually correct method.
• IRR is superior since it measures the rate of return on a capital investment.
• PI is superior since it measures the present value benefit per dollar of capital invested.
• PB is superior since it is quick and easy to use and understand.
• None of the three methods is considered superior to the others.