Post Utme Joseph Ayo Babalola University 2023 Commerce Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2023 Commerce Objective / Multiple Choice
Question 24 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • COMMERCE • objective

A company is considering a new investment project that has a net present value (NPV) of ₦200,000 and a payback period of 10 years. The company's cost of capital is 10% per annum. What is the project's internal rate of return (IRR)?

Answer Options

A. 15%
Correct Answer B. 20%
C. 25%
D. 30%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Commerce Question 24. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.

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