Post Utme Christopher University 2021 Commerce Question 15
Practice objective / multiple choice question 15 from the 2021 Post Utme Christopher University Commerce examination.
A company is considering investing in a new project. The project requires an initial investment of ₦3 million and is expected to generate a profit of ₦1.5 million per year for 5 years. If the company's cost of capital is 12% per annum, what is the internal rate of return (IRR) of the project?
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About This Question
This is Post Utme Christopher University 2021 Commerce Question 15. It is one of the objective questions from the 2021 Post Utme Christopher University Commerce examination.
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