$1)$ Capital Budgeting Techniques: Assume an investment proposal and develop a cash flow projection for the same. Make the necessary assumptions and clearly state each one them, like the life of the investment project, initial investment and the net cash flows. Apply any two capital budgeting techniques to evaluate the proposal.

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$(2)$ Working Capital management: Discuss the areas of working capital management and identify the ways in which inventory, accounts receivable and cash could be efficiently managed.