Post Utme Christopher University 2018 Economics Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2018 Economics Objective / Multiple Choice
Question 40 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is considering investing in a new project. The project has a payback period of 5 years, and the \cost of capital is 10%. If the firm wants to achieve a return on investment (ROI) of 15%, what is the minimum amount of investment required?

Answer Options

A. ₦750,000
B. ₦1,000,000
Correct Answer C. ₦1,250,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,250,000

About This Question

This is Post Utme Christopher University 2018 Economics Question 40. It is one of the objective questions from the 2018 Post Utme Christopher University Economics examination.

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