(Answered) Financial Management: Capital Rationing- Compare and contrast the Internal Rate of Return (IRR), the Net Present Value (NPV) and Payback approaches to capital rationing.

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Compare and contrast the Internal Rate of Return (IRR), the Net Present Value (NPV) and Payback approaches to capital rationing. **do not define the NPV, IRR and the Payback Period.** All that is needed is the comparison and difference between the following

1) (NPV and IRR),

2) (IRR and Payback) and

3) (Payback and NPV) Which do you think is better? Why? Provide examples and evidence from two articles from ((ProQuest)) to support your position. >> 4) create a scenario and calculate the NPV, IRR and Payback Period.

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