Demerits of npv as an investment criterion


I am writing a paper on how a company can evaluate investments and would like to know

Question 1) Besides net present value(NVP) and internal rate of return(IRR), what other criteria do companies use to evaluate investments?

Question 2) What are some disadvantages of NPV as an investment criterion?

Question 3) How will a change in cost of capital impact an investment decision process?

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Finance Basics: Demerits of npv as an investment criterion
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