Which of the following is NOT a common method for evaluating capital budgeting projects?

The method that is NOT commonly used for evaluating capital budgeting projects is market share analysis. Capital budgeting primarily focuses on assessing the potential profitability and financial viability of investment projects. Techniques such as net present value, internal rate of return, and payback period are specifically designed to analyze cash flows, account for the time value of money, and assess the risks and returns of investments.

Net present value calculates the difference between the present value of cash inflows generated by a project and the present value of cash outflows, providing a clear measure of the expected financial return.

The internal rate of return determines the discount rate at which the net present value of a project becomes zero, indicating the project's potential profitability.

The payback period focuses on the time it takes to recoup the initial investment, assessing liquidity and risk.

Market share analysis, on the other hand, is more focused on assessing a company's competitiveness in its industry and does not directly evaluate the financial return of capital projects. Therefore, it is not a standard method used in capital budgeting evaluations.