Post Utme Greenfield University 2018 Commerce Question 10
Practice objective / multiple choice question 10 from the 2018 Post Utme Greenfield University Commerce examination.
A company is considering the introduction of a new product line. The product requires an initial investment of ₦4 million and has a projected annual profit of ₦2.5 million. If the company's cost of capital is 12% per annum, what is the internal rate of return (IRR) on the investment?
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About This Question
This is Post Utme Greenfield University 2018 Commerce Question 10. It is one of the objective questions from the 2018 Post Utme Greenfield University Commerce examination.
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