Capital Budgeting

Please see the below question.

Capital Budgeting

Answer in short concise posting, with supporting rational the following:

1. In your own words contrast the strengths and weaknesses of each capital budget decision model compared against the NPV model. 

2. Given the Net Present Value (NPV) method of capital budget analysis is superior to the Internal Rate of Return (IRR) method; explain why so many companies still use the IRR Method.

3. Identify the capital budget decision model that most appeals to you and why it has its appeal.

You are expected to make your own contribution.