Question: Task 3 c): 10 mark i) Explain the advantages and disadvantages of using NPV as opposed to using just the payback method as a method

Task 3 c): 10 mark

i) Explain the advantages and disadvantages of using NPV as opposed to using just the payback method as a method of investment appraisal. (3 marks)

ii) Identify and discuss the influences that non-financial factors could have on making an investment decision. (7 marks)

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