What you’ll learn2 learning objectivesChoose one objective for a focused lesson, or study the complete topic.3.8.1Investment appraisal methods• Evaluate investment opportunities using payback period and average rate of return (ARR)• Investment appraisal supports decisions about project risk, return, liquidity, and strategic fitSyllabus objective3.8.2(HL)—Net present value• Evaluate investment opportunities using net present value (NPV)• NPV accounts for time value of money and discounted future cash flowsSyllabus objective