Advantages of cashflow technique over the accounting techniques.

Explain:
(a)   Advantages of cashflow technique over the accounting techniques.

(b)   Advantages of DCF techniques over the non-DCF techniques.

(c)   Discuss which DCF technique(s) is(are) better in case of an accept-reject (no mutually exclusive project) situation.

(d)   When there are mutually exclusive projects (mutually exclusive project = when you accept one the others are rejected), what are the limitations of the DCF techniques observed? What is the decision rule in the case when mutually exclusive projects have different types of discrepancies?

(e)   Any other points that you think are relevant in selecting or using the techniques of evaluation of projects.