Post Utme Esut 2022 General Studies Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Esut General Studies examination.

Post Utme Esut 2022 General Studies Objective / Multiple Choice
Question 5 POST_UTME_ESUT • 2022 • GENERAL STUDIES • objective

A company is considering investing in a new project that requires an initial investment of ₦2.0 million and is expected to generate a profit of ₦3.5 million per year for 3 years. What is the internal rate of return (IRR) of the project?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Esut 2022 General Studies Question 5. It is one of the objective questions from the 2022 Post Utme Esut General Studies examination.

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