Post Utme Ui 2019 Commerce Question 37
Practice objective / multiple choice question 37 from the 2019 Post Utme Ui Commerce examination.
A sole trader is considering the purchase of a new piece of equipment for ₦2.5 million. The equipment is expected to last for 5 years and will generate additional revenue of ₦1.2 million per annum. The sole trader's opportunity cost of capital is 15% per annum. What is the payback period of the new equipment?
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About This Question
This is Post Utme Ui 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Ui Commerce examination.
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