Post Utme Abu 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Abu Economics examination.

Post Utme Abu 2023 Economics Objective / Multiple Choice
Question 17 POST_UTME_ABU • 2023 • ECONOMICS • objective

A firm is considering investing in a new project that has a net present value (NPV) of ₦1,500,000. The firm's \cost of capital is 10% per annum. What is the internal rate of return (IRR) of the project?

Answer Options

A. 12%
Correct Answer B. 15%
C. 18%
D. 20%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Abu 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.

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