Post Utme Al Hikmah University 2018 Commerce Question 9
Practice objective / multiple choice question 9 from the 2018 Post Utme Al Hikmah University Commerce examination.
A company's sole trader is considering the introduction of a new product line. The product line requires an initial investment of ₦1,500,000 and is expected to generate an annual profit of ₦750,000. If the company's cost of capital is 12% per annum, what is the expected rate of return on investment (ROI) for the new product line?
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About This Question
This is Post Utme Al Hikmah University 2018 Commerce Question 9. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Commerce examination.
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