Make a recommendation on which option should be selected based on the advantages and disadvantages of the new marketing programme investment appraisal techniques used.

You are the marketing manager for Araminta Fashions Ltd. Your team have been asked to devise and evaluate a new marketing programme for the company. You have identified two possible projects and now need to prepare a presentation for the board of directors. Both projects would last four years before a new programme would be needed. The company’s cost of capital is 6% and payback is normally required within three years.
The following figures have been identified:
Project one is a major re-brand with new logo, letterheads, staff uniforms and company style. It will be launched through TV, radio and other channels.

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