Post Utme Greenfield University 2018 Commerce Question 8
Practice objective / multiple choice question 8 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 ₦3 million and has a projected annual profit of ₦1.5 million. If the company's cost of capital is 15% per annum, what is the payback period of the investment?
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About This Question
This is Post Utme Greenfield University 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Greenfield University Commerce examination.
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