Post Utme Rhema University 2023 Geography Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Rhema University Geography examination.

Post Utme Rhema University 2023 Geography Objective / Multiple Choice
Question 24 POST_UTME_RHEMA_UNIVERSITY • 2023 • GEOGRAPHY • objective

A company is considering investing in a new project that will require an initial investment of ₦1.5 million and is expected to generate a profit of ₦2.5 million per year for 5 years. What is the internal rate of return (IRR) of the project?

Answer Options

A. 10%
Correct Answer B. 15%
C. 20%
D. 25%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Rhema University 2023 Geography Question 24. It is one of the objective questions from the 2023 Post Utme Rhema University Geography examination.

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