Post Utme Covenant University 2018 Economics Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2018 Economics Objective / Multiple Choice
Question 3 POST_UTME_COVENANT_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is considering investing in a new project with a net present value (NPV) of ₦1,000,000. If the required rate of return is 10%, what is the present value of the project?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦900,000
C. ₦1,100,000
D. ₦1,200,000
Correct Answer
B
Correct Option:
₦900,000

About This Question

This is Post Utme Covenant University 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Covenant University Economics examination.

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