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1a.Why is it important to appraise investments? (4 marks) 1b.When investing in a new machine, discuss three qualitative factors that should be considered. (6 marks)

1a.Why is it important to appraise investments? (4 marks)

1b.When investing in a new machine, discuss three qualitative factors that should be considered. (6 marks)

1c.In detail, discussTWOcapital investment appraisal techniques; choose from the Payback Period, Net Present Value and Accounting Rate of Return (ARR).Explain what each shows along with its good and bad points.(10 marks)

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