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Investment appraisal techniques primarily meant to appraise the performance of a new project. Some managers believed that Net Present Value (NPV) is better than other

Investment appraisal techniques primarily meant to appraise the performance of a new project. Some managers believed that Net Present Value (NPV) is better than other techniques because it can be used in complicated and mid-period cash flow.

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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.

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