Post Utme Eksu 2023 Commerce Question 35
Practice objective / multiple choice question 35 from the 2023 Post Utme Eksu Commerce examination.
A company is considering the introduction of a new product line. The product line will require an initial investment of ₦500 million and will generate annual revenues of ₦1.2 billion for the next 5 years. The company's cost of capital is 10% per annum. What is the payback period of the product line?
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About This Question
This is Post Utme Eksu 2023 Commerce Question 35. It is one of the objective questions from the 2023 Post Utme Eksu Commerce examination.
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