Q4 Investment appraisal: You plan to use NPV and Payback techniques to evaluate the project. Critically discuss NPV and Payback techniques and the implications of the investment. The discount rate is 10% (ignore inflation and taxation). Please present NPV and Payback results using small tables. You need to make a decision on which investment appraisal format that you will choose. You have the flexibility to decide the project using your ESTIMATE. The investment should be between 10m to 20m, but how the money is invested would depend on the nature of the investment. Focus on acquisition of machinery for growth strategy, try to get cash flow, project end of project life proceed will be received. (750 words) - 25 marks A) Critical evaluation of NPV and Payback techniques - 10M 300 B) Provide samples to illustrate investment appraisal results using NPV and Payback techniques at your chosen format -10M 300 C) Discuss potential implications of the investment -5M 150