Post Utme Redeemers University 2023 Geography Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Redeemers University Geography examination.

Post Utme Redeemers University 2023 Geography Objective / Multiple Choice
Question 38 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • GEOGRAPHY • objective

A company is considering investing in a new project that requires an initial investment of ₦5 million and is expected to generate a profit of ₦1.5 million per annum for 3 years. What is 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 Redeemers University 2023 Geography Question 38. It is one of the objective questions from the 2023 Post Utme Redeemers University Geography examination.

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