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Describe the four main investment appraisal methods

Question: List and describe the four main investment appraisal methods. Which one is the best method to evaluate a risky investment and why?

Reference:

Atrill, P. & McLaney, E. (2008). Accounting and Finance for Non-Specialists.
6th ed. Harlow, England: FT Prentice Hall

Please include other references.

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Finance Basics: Describe the four main investment appraisal methods

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