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  3. b) 'investment appraisal techniques primarily mean

b) 'Investment appraisal techniques primarily meant to appraise the performance of a new project. Some...

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b) 'Investment appraisal techniques primarily meant to appraise the performance of a new project. Some man- agers 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

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