Post Utme Mountain Top University 2021 Commerce Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2021 Commerce Objective / Multiple Choice
Question 38 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • COMMERCE • objective

A company is considering investing in a new project. The project has a net present value (NPV) of ₦1,000,000 and a payback period of 10 years. What is the internal rate of return (IRR) of the project?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Mountain Top University 2021 Commerce Question 38. It is one of the objective questions from the 2021 Post Utme Mountain Top University Commerce examination.

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