Investment decision for property development requires qualitative and quantitative techniques to assess its feasibility and for decision-makers to make a sound decision. (a) Demonstrate your understanding of the market information required to make decision for project development. (15 marks) (b) Explain ONE (1) type of discounted cash flow method to evaluate a project. State the difference(s) of this type of evaluation method as compared to non- discounted cash flow. (10 marks)