This report assesses investment opportunities for DDK plc, a textile company, focusing on two potential projects: belt manufacturing and trainers. It employs investment appraisal techniques, including payback period and net present value (NPV), to evaluate the financial viability of each project. The analysis reveals that the trainers project is more favorable, offering a quicker payback period and a higher NPV. The report also considers both financial factors, such as returns and expenses, and non-financial factors, including legal compliance and the availability of skilled labor. The conclusion emphasizes the importance of using investment appraisal tools for effective project evaluation and decision-making, highlighting the project that will contribute to DDK plc's growth and profitability. The report suggests that both monetary and non-monetary aspects are crucial in making sound investment choices. The report includes a table of contents, introduction, analysis, conclusion, and references.