Post Utme Noun 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A firm is considering investing in a new project. The project has a net present value (NPV) of ₦100 million and a payback period of 5 years. Determine the internal rate of return (IRR) of the project.

Answer Options

A. 15%
Correct Answer B. 20%
C. 25%
D. 30%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Noun 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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