Post Utme Futo 2022 Commerce Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Futo Commerce examination.

Post Utme Futo 2022 Commerce Objective / Multiple Choice
Question 18 POST_UTME_FUTO • 2022 • COMMERCE • objective

A firm is considering investing in a new project that has a net present value (NPV) of ₦1,000,000. The firm's cost of capital is 10% per annum. What is the internal rate of return (IRR) of the 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 Futo 2022 Commerce Question 18. It is one of the objective questions from the 2022 Post Utme Futo Commerce examination.

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