Investment appraisal (AO3 and AO4)"Choice, Chance, Change. You must make the choice, to take the chance if you want anything in life to change."- Warren Buffett (b.1930), American businessman, investor, philanthropist, and CEO of Berkshire HathawayInvestment appraisal is the formal process of quantifying the financial risks of an investment decision. It helps to determine if a capital investment project is worthwhile,...