Post Utme Pan Atlantic University 2020 Economics Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice
Question 2 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ECONOMICS • objective

A firm is considering investing in a new project with an initial \cost of ₦1,500,000 and expected annual profits of ₦250,000. What is the payback period of the project?

Answer Options

A. 5 years
Correct Answer B. 6 years
C. 7 years
D. 8 years
Correct Answer
B
Correct Option:
6 years

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 2. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

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