Problem
Describe the following project breakeven and profitability measures. Be sure to include each measure's economic interpretation.
a. Payback
b. Net present value (NPV)
c. Internal rate of return (IRR)
d. Modified internal rate of return (MIRR)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.