Describe the following project breakeven and profitability measures. Be sure to include each measure’s economic interpretation.

Project breakeven and profitability measures

Describe the following project breakeven and profitability measures. Be sure to include each measure’s economic interpretation.

1. Payback
2. Net Present Value (NPV)
3. Internal Rate of Return (IRR)

Use Source, Gapenski, Louis C. (2013). Fundamentals of healthcare finance (2nd ed.). Chicago, IL: Health Administration Press