Post Utme Achievers University 2024 Commerce Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2024 Commerce Objective / Multiple Choice
Question 29 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • COMMERCE • objective

A firm is considering investing in a new project that has a payback period of 3 years. The cost of the project is ₦2,000,000 and the expected annual cash inflow is ₦600,000. What is the internal rate of return (IRR) of the project?

Answer Options

A. 15%
Correct Answer B. 18%
C. 20%
D. 22%
Correct Answer
B
Correct Option:
18%

About This Question

This is Post Utme Achievers University 2024 Commerce Question 29. It is one of the objective questions from the 2024 Post Utme Achievers University Commerce examination.

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