Describe the most important capital budgeting techniques and how they are used t

Describe the most important capital budgeting techniques and how they are used t

Describe the most important capital budgeting techniques and how they are used to arrive at investment decisions.
Name at least two capital budgeting techniques (for example, NPV, IRR, Payback Period, et cetera)
How does a manager differentiate when to use capital budgeting versus simple return on investment (ROI) techniques?