(c) Discuss the reasons why the net present value investment appraisal method is preferred to other investment
appraisal methods such as payback, return on capital employed and internal rate of return. (9 marks)
正确答案：(c) There are many reasons that could be discussed in support of the view that net present value (NPV) is superior to otherinvestment appraisal methods.NPV considers cash flowsThis is the reason why NPV is preferred to return on capital employed (ROCE), s
