Post Utme Bowen University 2021 Commerce Question 27
Practice objective / multiple choice question 27 from the 2021 Post Utme Bowen University Commerce examination.
A firm is considering the introduction of a new marketing strategy. The strategy will require an initial investment of ₦3 million and will generate annual profits of ₦1.5 million for the next 3 years. If the firm's cost of capital is 12% per annum, what is the payback period of the new marketing strategy?
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About This Question
This is Post Utme Bowen University 2021 Commerce Question 27. It is one of the objective questions from the 2021 Post Utme Bowen University Commerce examination.
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