QUESTION FOUR

Payback period should be reflected in Years, Months and Days eg. 4 Years, 5 Months and 6 Days.

Ensure that you use the correct discount factors when calculating Net Present Value.GENERAL

First understand all the principles, concepts and techniques of a study topic before attempting assignments. Each chapter of the module guide will initially encourage you to: Learn all the principles, concepts and techniques of this topic to enable you to identify the problems and direct you towards solving these problems successfully.

The underlying theoretical principles presented in the module guide are relatively straight forward but their application and especially integration with other topics is more challenging. Therefore you must understand the principle.

Pay attention to the mark scheme and what is required.

Formats, proper headings and/or labeling of all financial type statements are very important.