Post Utme Bowen University 2018 General Studies Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Bowen University General Studies examination.

Post Utme Bowen University 2018 General Studies Objective / Multiple Choice
Question 29 POST_UTME_BOWEN_UNIVERSITY • 2018 • GENERAL STUDIES • objective

A company is considering investing in a new project in Nigeria. The project requires an initial investment of ₦1.5 billion and is expected to generate a profit of ₦2.5 billion per year for 5 years. What is the internal rate of return of the project?

Answer Options

Correct Answer A. 8.33%
B. 10%
C. 12%
D. 15%
Correct Answer
A
Correct Option:
8.33%

About This Question

This is Post Utme Bowen University 2018 General Studies Question 29. It is one of the objective questions from the 2018 Post Utme Bowen University General Studies examination.

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