Post Utme Nile University 2017 Commerce Question 38
Practice objective / multiple choice question 38 from the 2017 Post Utme Nile University Commerce examination.
A company is considering the purchase of a new machine that will cost ₦1,000,000. The machine is expected to last for 5 years and will generate an annual revenue of ₦250,000. The company expects to sell the machine at the end of its useful life for ₦500,000. What is the net present value of the machine using the discount rate of 10%?
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About This Question
This is Post Utme Nile University 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.
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