Post Utme Nile University 2020 Commerce Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Nile University Commerce examination.

Post Utme Nile University 2020 Commerce Objective / Multiple Choice
Question 30 POST_UTME_NILE_UNIVERSITY • 2020 • COMMERCE • objective

A firm is considering investing in a new project. The project has a net present value (NPV) of ₦1,000,000 and a payback period of 5 years. What is the internal rate of return (IRR) of the project?

Answer Options

A. 10%
Correct Answer B. 15%
C. 20%
D. 25%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Nile University 2020 Commerce Question 30. It is one of the objective questions from the 2020 Post Utme Nile University Commerce examination.

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