The discounted payback method,net present value method (NPV),internal rate of return (IRR),modified internal rate of return (MIRR),and profitability index (PI)are all consistent with the time value of money.

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All these methods take into account the time value of money, which means that the value of money changes with time due to the effect of inflation and the opportunity cost of investing in other options. Each method uses different calculations to factor in the time value of money, such as discounting cash flows at a certain discount rate or finding the rate of return that makes the present value of cash inflows equal to the present value of cash outflows.

The Discounted Payback Method,net Present Value Method (NPV),internal Rate of Return