Post Utme Achievers University 2017 Geography Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Achievers University Geography examination.

Post Utme Achievers University 2017 Geography Objective / Multiple Choice
Question 9 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • GEOGRAPHY • objective

A farmer in Nigeria is considering planting a new crop of maize. The crop requires an initial investment of ₦5 million and is expected to generate a profit of ₦2 million per year for 3 years. Calculate the internal rate of return (IRR) of the investment.

Answer Options

A. 20%
B. 25%
Correct Answer C. 30%
D. 35%
Correct Answer
C
Correct Option:
30%

About This Question

This is Post Utme Achievers University 2017 Geography Question 9. It is one of the objective questions from the 2017 Post Utme Achievers University Geography examination.

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