Post Utme Abu 2018 Geography Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Abu Geography examination.

Post Utme Abu 2018 Geography Objective / Multiple Choice
Question 17 POST_UTME_ABU • 2018 • GEOGRAPHY • objective

A company is considering investing in a new project in Nigeria. The project requires an initial investment of ₦5 million and is expected to generate a profit of ₦2 million per year for 5 years. What is the internal rate of return (IRR) of the project?

Answer Options

A. 15%
B. 20%
Correct Answer C. 25%
D. 30%
Correct Answer
C
Correct Option:
25%

About This Question

This is Post Utme Abu 2018 Geography Question 17. It is one of the objective questions from the 2018 Post Utme Abu Geography examination.

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