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Other Measures: Other Measures than NPV and IRR (250 words)

1. There are other measures used in capital budgeting decisions other than NPV and IRR. What are those measures? What are their weaknesses as compared to NPV/IRR? (After answers, ask a follow-up question).

Capital Budgeting: Metrics used in Capital Budgeting (250 words)

2. Are financial metrics such as Net Present Value (NPV), Internal Rate of Return (IRR), and Modified Internal Rate of Return (MIRR) superior to Return on Investment (RoI), Return on Assets (RoA), and Payback Period (PBP)? (After answers, ask a follow-up question).
Why or why not?

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