The third model was the payback, a favorite of business in the 1960’s and used at least half of the time by 74.5% of the respondents. Fourth in popularity was the discounted payback model, used at least half of the time by 56.7% of the companies. Finally, at least half time usage was reported for the last three models as follows: profitability index ranks fifth at 43.9%, followed by accounting rate of return at 33.3% and finally, modified internal rate of return (MIRR) at 21.9%. Examination of within model proportions for profitability index, accounting rate of return, and modified internal rate of return reflect chi-squared significance at the 1% level, while the proportion distributions for payback are chi-squared significant at the 5% level. The only model that is not chi-squared significant when subdivided by the size of the capital budget is discounted payback. Payback and profitability index are more frequently used by firms with smaller capital budgets, while modified internal rate of return appears to be used more frequently by firms with capital budgets in the range of $100-$500 million.