Assuming you are the Property Investment Manager for New horizon LTD , a property development company based in Windhoek. The company is seeking to arrive at a quick decision on which of the two mutually exclusive projects in Table 1 should be pursued to a logical conclusion. Assuming a decision criterion rate of 10% coupled with the NPV and IRR project appraisal techniques, what would be your advice to New horizon LTD?

4 1 end O 5 insert 2 alt gr ctri delete intel CORE 17 would be your advice to New Horizon Ltd? Table 1- Cash flow forecast for New Horizon Ltd. proposed projects for implementation Year Project A-ATCF (N$) Project B-ATCF (N$) 0 -2,500,000.00 -2,000,000.00 350,000.00 1 400,000.00 480,000.00 400,000.00 2 450,000.00 550,000.00 3 500,000.00 600,000.00 4 550,000.00 650,000.00 5 6 3 og dn (20) 149h SUU