Please answer the following questions in a detailed essay :

1. Define NPV (in words) and what is the criteria for deciding to accept or reject a project?
2. What are the advantages and disadvantages of using NPV in project analysis?
3. Define IRR (in words) and what is the criteria for deciding to accept or reject a project?
4. What are the advantages and disadvantages of using IRR in project analysis?
5. Define MIRR (in words) and what is the criteria for deciding to accept or reject a project?