Post Utme Futo 2021 Economics Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 24 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A firm is considering a new investment project with a \cost of ₦5 million and an expected return of ₦6 million. If the firm's \cost of capital is 12%, what is the net present value of the project?

Answer Options

Correct Answer A. ₦1 million
B. ₦500,000
C. ₦0
D. ₦-1 million
Correct Answer
A
Correct Option:
₦1 million

About This Question

This is Post Utme Futo 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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