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a) A project can be selected on the basis of NPV, Payback period and IRR. Elaborate the concept of these terms. b) Define and explain

a) A project can be selected on the basis of NPV, Payback period and IRR. Elaborate the concept of these terms.

b) Define and explain the concept of Depreciation. There are various methods used for calculating depreciation. Explain any two methods in details put suitable examples.

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