Managers can choose from several analytical techniques to help them make capital investment decisions. Each technique has advantages and disadvantages.

Respond to the following in a minimum of 175 words:

Distinguish between the 3 capital investment techniques of (1) Net Present Value, (2) Internal Rate of Return, and (3) Payback Method.
Describe what you consider to be the top 2 advantages and 2 disadvantages of each technique and provide an example to support your top advantage of each method.