Discuss the application of investment appraisal techniques using discounted cash flows methods, its advantages and drawbacks using a worked example with a discount rate of 5%.

Case 2: Discuss the application of investment appraisal techniques using discounted cash flows methods, its advantages and drawbacks using a worked example with a discount rate of 5%. Word limit: 1,000 words. (40%) Assignment guidance: • Please submit two separate reports for the two cases. Case 2 report will be submitted through a Turnitin link on Blackboard Learn, and a similarity report will be generated on each submission. • Marks are awarded for content, quality of discussion and effective use of referencing. To achieve high marks, students will be expected to demonstrate a familiarity with the wider literature in the subject area, and not merely an ability to re-produce the lecture notes. Higher marks will also be awarded to students who provide strong evidence of analysis and critical evaluation of the various concepts and techniques identified and their application to real world situations. • Work should include references to journal articles and other relevant publications, and should be properly laid out using the Harvard system of referencing as indicated below: Buzzell R., (1968) ‘Can you standardise multinational marketing’, Harvard Business Review, 46, pp102-113.