The two most prominent capital budgeting methods are Net Present Value ( NPV ) and Internal Rate of Return.

The two most prominent capital budgeting methods are Net Present Value (NPV) and Internal Rate of Return.  Compare and contrast these two methods making sure to point out issues/concerns, if any, with each method.  Said another way, you are to replicate and explain the relevant parts of the textbook, notes, and lectures associated with NPV and IRR.  Teach me the concepts.

Capital expenditure decisions like product diversification, expansion etc. involve huge amount ofinvestment and are normally irreversible without a substantial loss. So, it is always better to...