examMatrix052812 CPA Exam Challenge A measure of project risk is provided by the capital budgeting technique of: net present value. internal rate of return. accounting rate of return. payback. The payback capital budgeting technique indicates how soon a project will recover its cost. The sooner the cost is recovered, the less risky the project—returns are less knowable the further in the future they are. For a chance to win a Kindle Fire, sign up here: