Post Utme Ims U 2023 Commerce Question 8
Practice objective / multiple choice question 8 from the 2023 Post Utme Ims U Commerce examination.
A sole trader is considering the purchase of a new business. The business will require an initial investment of ₦2,000,000 and is expected to generate a profit of ₦500,000 per year for 5 years. What is the internal rate of return (IRR) of the investment, assuming a discount rate of 12%?
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About This Question
This is Post Utme Ims U 2023 Commerce Question 8. It is one of the objective questions from the 2023 Post Utme Ims U Commerce examination.
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