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What is Project Appraisal Criteria Explained about?

Chapter 5 outlines project appraisal criteria, dividing them into crude (non-discounted) and refined (discounted) methods. Crude criteria include techniques like the Urgency Method and Pay-back Period Method, while refined criteria account for the time value of money through methods such as Net Present Value (NPV) and Internal Rate of Return (IRR). The chapter concludes with a comparison of appraisal criteria, indicating that NPV is the preferred measure.

Author

Melkamu Amushe

Language

EN