A 8. Using the case study, Manchestera ltd, considered in week 10 and your reading and research, advise management which project will be feasible on the financial grounds. Provide critical evaluation of the investment appraisal methods considered as part of your discussion. (225 words excluding calculations) Manchestera ltd Manchestera ltd is considering the selection of one of a pair of mutually exclusive capital investement projects. Both would involve the purchase of machinery with a life of five years. Manchestera uses the straight-line method for calculating depreciation and its cost of capital is 15% per year. Project 1 would generate annual net cash inflows of 400,000; the machinery would cost 1,112,000 and have scrap value of 112.000. Project 2 would generate annual net cash inflows of 1,000,000; the machinery would cost 3,232,000 and have scrap value of 602,000. Independent activity Using the case study, Manchestera ltd, and your reading and research, advise management which project will be feasible on the financial grounds. Provide critical evaluation of the investment appraisal methods considered as part of your discussion. Ref: Proctor (2013) amended