Post Utme Abu 2024 Commerce Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Abu Commerce examination.

Post Utme Abu 2024 Commerce Objective / Multiple Choice
Question 12 POST_UTME_ABU • 2024 • COMMERCE • objective

A company is considering investing in a new project with an initial cost of ₦1,500,000 and expected annual profits of ₦750,000. What is the payback period of the project?

Answer Options

A. 2 years
Correct Answer B. 3 years
C. 4 years
D. 5 years
Correct Answer
B
Correct Option:
3 years

About This Question

This is Post Utme Abu 2024 Commerce Question 12. It is one of the objective questions from the 2024 Post Utme Abu Commerce examination.

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