Introduction 2
Basic Investment Appraisal Technique 2
Average Rate of Return (ARR) 5
Payback Period 4
Discounted Cash Flow (DCF) 6
Discounted Cash Flow Techniques 7
Net Present Value 7
Internal Rate of Return 11
Comparison of Merits and Limitations of the Investment Appraisal Techniques 13
Conclusion 14
References 15