Post Utme Elizade University 2023 Commerce Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2023 Commerce Objective / Multiple Choice
Question 13 POST_UTME_ELIZADE_UNIVERSITY • 2023 • COMMERCE • objective

A firm is considering investing in a new project that has a net present value (NPV) of ₦1,500,000. The required rate of return on the project is 12%. 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 2023 Commerce Question 13. It is one of the objective questions from the 2023 Post Utme Elizade University Commerce examination.

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