Essays and assignments
Capital Budgeting: NPV, IRR and Payback Period Made Simple
Capital budgeting decides whether an investment is worth making. The three core tools are payback period, net present value (NPV), then internal rate of return (IRR). NPV is the one examiners weigh most, since it accounts for the time value of money then gives a clear accept-or-reject rule. These calculations look intimidating, yet each follows…
12 Jul 2026 · 6 min read








