Post Utme Eksu 2022 Accounting Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Eksu Accounting examination.

Post Utme Eksu 2022 Accounting Objective / Multiple Choice
Question 31 POST_UTME_EKSU • 2022 • ACCOUNTING • objective

A public sector organization has a capital project that requires an initial investment of ₦100 million. The project is expected to generate revenue of ₦50 million in the first year, ₦60 million in the second year, and ₦70 million in the third year. The organization uses the straight-line method of depreciation. What is the net present value of the project, assuming a discount rate of 10%?

Answer Options

A. ₦120 million
B. ₦130 million
Correct Answer C. ₦140 million
D. ₦150 million
Correct Answer
C
Correct Option:
₦140 million

About This Question

This is Post Utme Eksu 2022 Accounting Question 31. It is one of the objective questions from the 2022 Post Utme Eksu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support