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in the order but as per the project.
NPV and IRR are the best methods for financing the project of small business. if NPV is positive then we mostly accept it except in some cases and we prefer greater IRR
In the olden days (and even now) Marwaris preferred 'Payback period' method when they decide to invest in any new project. Shorter the 'payback period' less risky the project.
However, banks finance a project through the NPV(Net present value) method.
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