Post Utme Futa 2018 Geography Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Futa Geography examination.

Post Utme Futa 2018 Geography Objective / Multiple Choice
Question 12 POST_UTME_FUTA • 2018 • GEOGRAPHY • objective

A company is considering investing in a new project that requires an initial investment of ₦1,500,000 and is expected to generate a profit of ₦500,000 in the first year, ₦600,000 in the second year, and ₦700,000 in the third year. What is the present value of the project using a discount rate of 10%?

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,300,000
C. ₦1,400,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Futa 2018 Geography Question 12. It is one of the objective questions from the 2018 Post Utme Futa Geography examination.

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