Assessment Tools (Principles of Managerial Accounting)

Referencing the readings for the week, define the concepts of  present value, payback method, internal rate of return, or net present value and elaborate on your interpretation of their value as assessment tools for an accountant or operator (include an example). 

Munter, P. (2001/July). Using cash flow information and present value in accounting measurements.  ProQuest Database.  (Document ID:75198888).