Discuss the relevance of cost-benefit analysis as a tool for capital budgeting decision making.

ddress the following:

1. In your paper, compare and contrast two of the three primary tools of cost-benefit analysis: net present value (NPV), internal rate of return (IRR), and payback period (PB).
2. Discuss the relevance of cost-benefit analysis as a tool for capital budgeting decision making.
3. Answer the question, “Why is capital budget decision making an important process in operations management?”