Post Utme Achievers University 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A firm is considering investing in a new project with the following cash flows: Year 0: -₦100,000, Year 1: ₦50,000, Year 2: ₦70,000, Year 3: ₦90,000. If the discount rate is 10%, calculate the internal rate of return (IRR) of the project.

Answer Options

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

About This Question

This is Post Utme Achievers University 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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