Write a response to the following in a minimum of 500 words:

Managers can choose from several analytical techniques to help them make capital investment decisions. Each technique has advantages and disadvantages. Distinguish between the 3 capital investment techniques of:

1. Net Present Value
2. Internal Rate of Return
3. Payback Method

Describe what you consider to be the top 2 advantages and 2 disadvantages of each technique and provide an example to support your top advantage of each method.