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15. Investment Appraisal

An evaluation of the attractiveness of the investment proposal is submitted herewith.

Investment appraisal is all about assessing the profitability of the investment, liquidity of the enterprise in the first years of operation and risk of losing the capital or recovering it too late to be of satisfaction to investors. This assessment is made by analysing the projected stream of revenue against a projected stream of operating costs for a number of years from the start of operations, four years in 

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