Post Utme Bowen University 2021 Commerce Question 28
Practice objective / multiple choice question 28 from the 2021 Post Utme Bowen University Commerce examination.
A company is considering the introduction of a new product line. The product line will require an initial investment of ₦4 million and will generate annual profits of ₦2.5 million for the next 4 years. If the company's cost of capital is 15% per annum, what is the internal rate of return (IRR) of the new product line?
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About This Question
This is Post Utme Bowen University 2021 Commerce Question 28. It is one of the objective questions from the 2021 Post Utme Bowen University Commerce examination.
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