Post Utme Rhema University 2023 Commerce Question 32
Practice objective / multiple choice question 32 from the 2023 Post Utme Rhema University Commerce examination.
A firm is considering the introduction of a new product line. The product requires an initial investment of ₦3 million and is expected to generate annual profits of ₦1.5 million for the next 3 years. The company's cost of capital is 12% per annum. What is the payback period of the project?
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About This Question
This is Post Utme Rhema University 2023 Commerce Question 32. It is one of the objective questions from the 2023 Post Utme Rhema University Commerce examination.
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