Post Utme Esut 2021 Economics Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Esut Economics examination.

Post Utme Esut 2021 Economics Objective / Multiple Choice
Question 30 POST_UTME_ESUT • 2021 • ECONOMICS • objective

A firm is considering investing in a new project. The project has a net present value (NPV) of ₦10 million and a payback period of 5 years. If the firm's \cost of capital is 10%, what is the internal rate of return (IRR) of the project?

Answer Options

A. 12%
Correct Answer B. 15%
C. 18%
D. 20%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Esut 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Esut Economics examination.

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