Post Utme Elizade University 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is considering investing in a new project with an initial investment of ₦1,000,000 and a projected return of ₦1,200,000 per year for 5 years. What is the net present value (NPV) of the project if the discount rate is 10%?

Answer Options

A. ₦1,000,000
B. ₦1,200,000
Correct Answer C. ₦1,500,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Elizade University 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Elizade University Economics examination.

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