Post Utme Lead City University 2022 Commerce Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2022 Commerce Objective / Multiple Choice
Question 12 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • COMMERCE • objective

A firm is considering investing in a new production facility. The facility will cost ₦500 million to build and will generate annual revenues of ₦200 million. What is the payback period of the investment?

Answer Options

A. 2 years
Correct Answer B. 3 years
C. 4 years
D. 5 years
Correct Answer
B
Correct Option:
3 years

About This Question

This is Post Utme Lead City University 2022 Commerce Question 12. It is one of the objective questions from the 2022 Post Utme Lead City University Commerce examination.

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