Post Utme Nile University 2019 Commerce Question 35
Practice objective / multiple choice question 35 from the 2019 Post Utme Nile University Commerce examination.
A company is considering the introduction of a new product line. The product line requires an initial investment of ₦6 million and is expected to generate annual profits of ₦2.5 million for the next 6 years. The company's cost of capital is 12% per annum. What is the payback period of the new product line?
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About This Question
This is Post Utme Nile University 2019 Commerce Question 35. It is one of the objective questions from the 2019 Post Utme Nile University Commerce examination.
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