Answer the following question in 1 page or less.
– As a capital budgeting technique, explain the differences and similarities between NPV, IRR, and PI. Discuss some advantages and disadvantages in using each technique. As a manager, provide guidance on the pecking order and criteria for using each technique.
Note: The following format guidelines are suggested:
standard 1″ margins
double-spacing between paragraphs
no paragraph indentation (left justified)
size 12 font, Times New Roman, black text
italicized or bold font for section headings