Post Utme Elizade University 2022 Commerce Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2022 Commerce Objective / Multiple Choice
Question 31 POST_UTME_ELIZADE_UNIVERSITY • 2022 • COMMERCE • objective

A firm is considering investing in a new project that has a net present value (NPV) of ₦1,000,000. The cost of capital for the firm is 10% per annum. What is the internal rate of return (IRR) of the project?

Answer Options

A. 10%
Correct Answer B. 12%
C. 15%
D. 18%
Correct Answer
B
Correct Option:
12%

About This Question

This is Post Utme Elizade University 2022 Commerce Question 31. It is one of the objective questions from the 2022 Post Utme Elizade University Commerce examination.

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