Post Utme Lautech 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Lautech Economics examination.

Post Utme Lautech 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_LAUTECH • 2021 • ECONOMICS • objective

A firm is considering investing in a new project. The project has a net present value (NPV) of ₦1,000,000 and a payback period of 5 years. What is the minimum required rate of return for the project?

Answer Options

A. 10%
Correct Answer B. 15%
C. 20%
D. 25%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Lautech 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Lautech Economics examination.

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