Post Utme Rhema University 2023 General Studies Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Rhema University General Studies examination.

Post Utme Rhema University 2023 General Studies Objective / Multiple Choice
Question 40 POST_UTME_RHEMA_UNIVERSITY • 2023 • GENERAL STUDIES • objective

A company in Nigeria is considering investing in a new project. The project has a 10-year lifespan and is expected to generate a profit of ₦100 million per year. If the company's cost of capital is 12%, what is the present value of the project?

Answer Options

Correct Answer A. ₦1.2 billion
B. ₦1.5 billion
C. ₦1.8 billion
D. ₦2.0 billion
Correct Answer
A
Correct Option:
₦1.2 billion

About This Question

This is Post Utme Rhema University 2023 General Studies Question 40. It is one of the objective questions from the 2023 Post Utme Rhema University General Studies examination.

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