Compare and contrast the NPV, PI and IRR criteria. What are the advantages and disadvantages of using each of these methods?

Compare and contrast the NPV, PI and IRR criteria. What are the advantages anddisadvantages of using each of these methods?

NPV gives the net value created or destroyed by an investment. It can be understood as theamount of profit or loss (discounted at a present value) which can be incurred by undertakinga project....