Post Utme Mountain Top University 2017 Commerce Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2017 Commerce Objective / Multiple Choice
Question 7 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • COMMERCE • objective

A company is considering investing in a new project with a net present value (NPV) of ₦1,500,000. If the cost of capital is 10%, what is the internal rate of return (IRR) of the project?

Answer Options

A. 12%
Correct Answer B. 15%
C. 18%
D. 20%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Mountain Top University 2017 Commerce Question 7. It is one of the objective questions from the 2017 Post Utme Mountain Top University Commerce examination.

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