Advantages and Disadvantages of Using NPV Questions

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Please answer the following questions in a detailed essay :

  1. Define NPV (in words) and what is the criteria for deciding to accept or reject a project?
  2. What are the advantages and disadvantages of using NPV in project analysis?
  3. Define IRR (in words) and what is the criteria for deciding to accept or reject a project?
  4. What are the advantages and disadvantages of using IRR in project analysis?
  5. Define MIRR (in words) and what is the criteria for deciding to accept or reject a project?

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