Post Utme Nile University 2021 Commerce Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Nile University Commerce examination.

Post Utme Nile University 2021 Commerce Objective / Multiple Choice
Question 37 POST_UTME_NILE_UNIVERSITY • 2021 • COMMERCE • objective

A company is considering the production of a new product. The product requires an initial investment of ₦10 million and has a projected annual profit of ₦5 million. What is the payback period of the investment?

Answer Options

A. 2 years
Correct Answer B. 3 years
C. 4 years
D. 5 years
Correct Answer
B
Correct Option:
3 years

About This Question

This is Post Utme Nile University 2021 Commerce Question 37. It is one of the objective questions from the 2021 Post Utme Nile University Commerce examination.

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