Explain which capital budgeting method is superior—NPV, IRR, or MIRR.

Performcalculations and answer questions related tocapital budgeting.In this assessment, you will explorecapital budgeting, which is the process of evaluating the feasibility and selection of investment projects. You will examine basic capital budgeting techniques, such as payback, discounted payback, net present value (NPV), internal rate of return (IRR), profitability index (PI), and modified internal rate of return (MIRR).IntroductionThis assessmentfocuses on capital budgeting calculations.InstructionsComplete and submit the Assessment 5Template [XLSX].Competencies MeasuredBysuccessfully completing this assessment, you will demonstrate your proficiency in the course competencies through the following assessment scoring guide criteria:Competency1:Analyze financial environments and concepts.Explain which capital budgeting method is superior—NPV, IRR, or MIRR.Competency2:Apply financial computations and processes.Calculate five capital budgeting problems correctly.Competency3:Communicate effectively and professionally.Convey clear meaning through appropriate word choice and usage.