$1.$ What is NPV$?$

$2.$ What are the implications of the additivity property of NPV$?$

$3.$ Discuss the general formula of NPV when discount rates vary over time.

$4.$ What is the rationale for the NPV rule?

$5.$ How is modified NPV calculated?

$6.$ Show why the NPV of a simple project decreases as the discount rate increases.

$7.$ What are the limitations of NPV$?$

$8.$ What are the two ways of defining the benefit$-$cost ratio?

$9.$ Evaluate the benefit$-$cost ratio as an investment criterion.

$10.$ What is IRR and how is it calculated?

$11.$ Discuss the problems associated with IRR.

$12.$ What are the redeeming qualities of IRR?

$13.$ What does IRR mean?

$14.$ How is MIRR calculated?

$15.$ Why is MIRR superior to the regular IRR?

$16.$ What is payback period?

$17.$ Evaluate payback as an investment criterion.

$18.$ Why is payback so popular, despite its shortcomings?

$19.$ What is discounted payback period?

$20.$ How is accounting rate of return calculated?

$21.$ What are the pros and cons of accounting rate of return?

$22.$ Assess various appraisal criteria on the basis of certain theoretical and practical considerations.

$23.$ Discuss how investment appraisal is done in practice.

$24.$ Describe the evaluation techniques used in the U$.$S$.$ and Japan.