Post Utme Futa 2021 Geography Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Futa Geography examination.

Post Utme Futa 2021 Geography Objective / Multiple Choice
Question 14 POST_UTME_FUTA • 2021 • GEOGRAPHY • objective

A company is considering investing in a new project that will require an initial investment of ₦3,000,000 and will generate an annual profit of ₦1,500,000 for the next 10 years. What is the internal rate of return of this project?

Answer Options

A. 10%
Correct Answer B. 12%
C. 15%
D. 18%
Correct Answer
B
Correct Option:
12%

About This Question

This is Post Utme Futa 2021 Geography Question 14. It is one of the objective questions from the 2021 Post Utme Futa Geography examination.

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