Post Utme Eksu 2023 Commerce Question 32
Practice objective / multiple choice question 32 from the 2023 Post Utme Eksu Commerce examination.
A firm is considering the introduction of a new product. The product will require an initial investment of ₦200 million and will generate annual revenues of ₦600 million for the next 3 years. The firm's cost of capital is 12% per annum. What is the payback period of the product?
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About This Question
This is Post Utme Eksu 2023 Commerce Question 32. It is one of the objective questions from the 2023 Post Utme Eksu Commerce examination.
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