Compare payback, net present value, and internal rate of return methods of evaluating ROI. Explain why it is important for non-finance managers to understand various methods for determining ROI.

Write a 2 to 3-page paper (excluding title page and references).
Compare payback, net present value, and internal rate of return methods of evaluating ROI.
Explain why it is important for non-finance managers to understand various methods for determining ROI.

Incorporate this source:
Berman & Knight (2013)
Part 6: How to Calculate (and Really Understand) Return on Investment (pp. 197-222)

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