Post Utme Covenant University 2023 Economics Question 17
Practice objective / multiple choice question 17 from the 2023 Post Utme Covenant University Economics examination.
A firm is considering investing in a new project that requires an initial investment of ₦1,000,000. The project is expected to generate a profit of ₦500,000 in the first year, ₦600,000 in the second year, and ₦700,000 in the third year. What is the internal rate of return (IRR) of the project?
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About This Question
This is Post Utme Covenant University 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Covenant University Economics examination.
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