Investment appraisal: You plan to use NPV and IRR techniques to evaluate an investment project for your chosen business. Critically discuss NPV and IRR techniques and the implications of the investment on the Company. Risk and uncertainty in investment appraisal should be considered before you make your recommendation. For this exercise use a discount rate of 10%. (Ignore inflation and taxation). Discuss the best way to finance this project.

Note: Please present NPV and IRR results using small tables. You need to make the decision on which investment appraisal format that you will choose. The project will be based on your chosen company, therefore, you have the flexibility to decide the project using your ESTIMATE. The investment should be around 50m, but how the money is invested would depend on the nature of the investment. Sensitivity analysis will be helpful to analyse different scenarios for the appraisal