Post Utme Caleb University 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is considering two investment projects, A and B. Project A has a net present value (NPV) of ₦100,000 and a payback period of 2 years. Project B has an NPV of ₦120,000 and a payback period of 3 years. Which project should the firm choose?

Answer Options

A. Project A
Correct Answer B. Project B
C. Both projects are equally good
D. Neither project is good
Correct Answer
B
Correct Option:
Project B

About This Question

This is Post Utme Caleb University 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

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