Post Utme Abu 2017 Commerce Question 9
Practice objective / multiple choice question 9 from the 2017 Post Utme Abu Commerce examination.
A firm is considering the production of a new product that will require an initial investment of ₦3 million. The product is expected to generate revenue of ₦1.5 million per year for 5 years. If the firm's cost of capital is 12% per annum, what is the internal rate of return (IRR) of the investment?
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About This Question
This is Post Utme Abu 2017 Commerce Question 9. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.
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