ocr: Introduction Investment appraisal decisions are primarily concerned with spending money wisely. They nvolve making an initial capital outlay now in return for an expected stream of net cash inflows in future years. The ofticial CIMA terminology for the term ( capital investment appraisal" - - IS "the process ofevaluating proposed investment in specific fixed assets and the benefits to be obtained from their acquisition. - a These decisions are amongst the most important that an organisation can make since they often represent an irreversible committment ofsubstantial sums of money. We shall no ...
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