Post Utme Lead City University 2023 General Studies Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Lead City University General Studies examination.

Post Utme Lead City University 2023 General Studies Objective / Multiple Choice
Question 10 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • GENERAL STUDIES • objective

A firm is considering investing in a new project that requires an initial investment of ₦10 million and is expected to generate a return of ₦5 million per year for 5 years. What is the internal rate of return (IRR) of the project?

Answer Options

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

About This Question

This is Post Utme Lead City University 2023 General Studies Question 10. It is one of the objective questions from the 2023 Post Utme Lead City University General Studies examination.

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