(a)[4]
Explain the difference between the net present value and payback methods of investment appraisal.
(b(i))[2]
Calculate the payback period for Machine B.
(b(ii))[8]
Calculate the net present value for Machine A.
(b(iii))[6]
Calculate the average rate of return for both machines.
(c)[5]
Advise Daniyar which machine he should purchase. Justify your decision.