Please read the following instructions:

Please write your answer in the form of report for these two theoretical questions. Your Report should have the proper structure: Introduction, Main Body and Conclusion. Your discussion for each question should be around 600-650 words. There is no right or wrong answer for these two theoretical questions. The academic reference is required for both questions.

Note: If you fail to follow the above instructions, the penalty will apply.

b)

Investment appraisal techniques primarily meant to appraise the performance of a new project. Some managers believed that Net Present Value (NPV) is better than other techniques because it can be used in complicated and mid-period cash flow.

Required:

Critically discuss the above statement with reference to academic literature. In your discussion, you should refer to the other investment appraisal techniques you learned in this module.

(12 Marks)

TOTAL: 25 Marks