Post Utme Eksu 2024 Commerce Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Eksu Commerce examination.

Post Utme Eksu 2024 Commerce Objective / Multiple Choice
Question 8 POST_UTME_EKSU • 2024 • COMMERCE • objective

A firm is considering two investment projects. Project A has a 5-year payback period and requires an initial investment of ₦1,000,000. Project B has a 3-year payback period and requires an initial investment of ₦500,000. Which project has a higher net present value?

Answer Options

A. Project A
Correct Answer B. Project B
C. Both projects have the same net present value
D. Neither project has a higher net present value
Correct Answer
B
Correct Option:
Project B

About This Question

This is Post Utme Eksu 2024 Commerce Question 8. It is one of the objective questions from the 2024 Post Utme Eksu Commerce examination.

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