There are various capital budgeting methodologies including the payback period, the discounted payback period, present value (NPV), the internal rate of return (IRR), and the modified internal rate of return (MIRR). What are the advantages and disadvantages of these methodologies?

Primary Task Response: Within the Discussion Board area, write at least 500 words that respond to the following question with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

There are various capital budgeting methodologies including the payback period, the discounted payback period, present value (NPV), the internal rate of return (IRR), and the modified internal rate of return (MIRR). What are the advantages and disadvantages of these methodologies?

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