Differences and similarities between NPV, IRR, and PI. Advantages and disadvantages. Guidance

Answer the following question in 1 page or less.

– As a capital budgeting technique, explain the differences and similarities between NPV, IRR, and PI. Discuss some advantages and disadvantages in using each technique. As a manager, provide guidance on the pecking order and criteria for using each technique.

Note: The following format guidelines are suggested:
 standard 1″ margins
 single-spacing (text)
 double-spacing between paragraphs
 no paragraph indentation (left justified)
 size 12 font, Times New Roman, black text
 italicized or bold font for section headings

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