Post Utme Bowen University 2021 Commerce Question 30
Practice objective / multiple choice question 30 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 ₦3 million and will generate annual profits of ₦1.5 million for the next 3 years. If the company's cost of capital is 12% per annum, what is the payback period of the new product line?
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About This Question
This is Post Utme Bowen University 2021 Commerce Question 30. It is one of the objective questions from the 2021 Post Utme Bowen University Commerce examination.
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