Post Utme Unilorin 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A firm is considering two investment projects, A and B. Project A has a net present value (NPV) of ₦1 million and a payback period of 5 years. Project B has an NPV of ₦2 million and a payback period of 3 years. Which project should the firm choose?

Answer Options

A. Project A
Correct Answer B. Project B
C. Both projects are equally good
D. Neither project is good
Correct Answer
B
Correct Option:
Project B

About This Question

This is Post Utme Unilorin 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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