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Capital RationingCompare and contrast the Internal Rate of Return (IRR), the Net Present Value (NPV) and Payback approaches to capital rationing. Which do you think is better? Why? Provide examples and evidence from two articles from ProQuest to support your position. Your post should be 200-250 words in length.Guided Response: Review several of your classmates’ postings. Respond to at least two classmates by explaining why you either agree or disagree with their position. Provide evidence to support your position.In comparing the Internal Rate of Return and the Net Present Value (NPV), it is clear that both are used as selection criteria for capital budgeting. Byrd tells us in Chapter 6 that the NPV directly measures the present value of the cash flow a project is expected to generate (Byrd, 2013). Analyst then uses this value to compare the project’s cost; if itis found that the value would exceed the project’s cost, the project is considered viable and should be pursued.