Post Utme Lautech 2021 Commerce Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Lautech Commerce examination.

Post Utme Lautech 2021 Commerce Objective / Multiple Choice
Question 14 POST_UTME_LAUTECH • 2021 • COMMERCE • objective

A company is considering investing in a new project that has a net present value (NPV) of ₦1,500,000 and a payback period of 5 years. If the company's cost of capital is 10%, what is the internal rate of return (IRR) of the project?

Answer Options

A. 15%
Correct Answer B. 16%
C. 17%
D. 18%
Correct Answer
B
Correct Option:
16%

About This Question

This is Post Utme Lautech 2021 Commerce Question 14. It is one of the objective questions from the 2021 Post Utme Lautech Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support