Assignment:
Select one of the capital investment evaluation methods described in Chapter 10 of your text. Fully explain the capital evaluation method's strengths and weaknesses. Take a position and defend the use of your selected method. Be sure to use at least two scholarly sources to support your position. Your answer must be 200 to 250 words.
The evaluation methods discussed here are:
1. Present value methods (also called discounted cash-flow methods).
(a) Net present value method (NPV).
(b) Internal rate of return method (IRR).
2. Payback period method.
3. Accounting rate of return method.