Post Utme Babcock University 2023 General Studies Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Babcock University General Studies examination.

Post Utme Babcock University 2023 General Studies Objective / Multiple Choice
Question 25 POST_UTME_BABCOCK_UNIVERSITY • 2023 • GENERAL STUDIES • objective

A company is considering investing in a new project in Nigeria. The project requires an initial investment of ₦20 million and is expected to generate a profit of ₦10 million per year for 10 years. What is the internal rate of return (IRR) of the project?

Answer Options

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

About This Question

This is Post Utme Babcock University 2023 General Studies Question 25. It is one of the objective questions from the 2023 Post Utme Babcock University General Studies examination.

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