Post Utme Rhema University 2023 Commerce Question 33
Practice objective / multiple choice question 33 from the 2023 Post Utme Rhema University Commerce examination.
A sole trader is considering the introduction of a new product line. The product requires an initial investment of ₦2 million and is expected to generate annual profits of ₦1 million for the next 2 years. The sole trader's cost of capital is 15% per annum. What is the internal rate of return (IRR) of the project?
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About This Question
This is Post Utme Rhema University 2023 Commerce Question 33. It is one of the objective questions from the 2023 Post Utme Rhema University Commerce examination.
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