Post Utme Esut 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Esut Economics examination.

Post Utme Esut 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_ESUT • 2020 • ECONOMICS • objective

A firm is considering two investment projects. Project A has a net present value (NPV) of ₦100,000 and a payback period of 5 years. Project B has an NPV of ₦120,000 and a payback period of 4 years. Which project should the firm choose?

Answer Options

A. Project A
Correct Answer B. Project B
C. Both projects are equally attractive
D. Neither project is attractive
Correct Answer
B
Correct Option:
Project B

About This Question

This is Post Utme Esut 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Esut Economics examination.

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