Post Utme Lead City University 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A company is considering two different investment projects. Project A has a net present value (NPV) of ₦1,500,000 and a payback period of 5 years. Project B has an NPV of ₦1,200,000 and a payback period of 4 years. Which project should the company choose?

Answer Options

A. Project A
Correct Answer B. Project B
C. Both projects are equally attractive
D. Neither project is attractive
Correct Answer
B
Correct Option:
Project B

About This Question

This is Post Utme Lead City University 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

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