Post Utme Nile University 2019 Commerce Question 32
Practice objective / multiple choice question 32 from the 2019 Post Utme Nile University Commerce examination.
A firm is considering the purchase of a new machine that costs ₦3 million. The machine is expected to last for 5 years and generate annual savings of ₦800,000. The firm's cost of capital is 12% per annum. What is the payback period of the new machine?
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About This Question
This is Post Utme Nile University 2019 Commerce Question 32. It is one of the objective questions from the 2019 Post Utme Nile University Commerce examination.
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