Your uncle has always owned several companies and has been very successful despite not studying Finance in university. He has heard about several finance methods to evaluate whether to take on a project or not.

(a)(2 marks) Explain to him what the three basic decisions that a financial manager must make when overseeing a company.

(b)(1 mark) Explain to him what the ultimate objective of a financial manager is.

(c)Explain to him what characteristics the best methods have to determine whether or not to take on a project.

(d)(5 marks) Provide an evaluation of four methods against the criteria you provided in part (c )

(e)(2 marks) He has heard that IRR is a good method, but has one issue. Identify and explain the issue to him.