Post Utme Uniosun 2023 Commerce Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2023 Commerce Objective / Multiple Choice
Question 39 POST_UTME_UNIOSUN • 2023 • COMMERCE • objective

A firm is considering investing in a new project. The project requires an initial investment of ₦2,000,000 and is expected to generate a profit of ₦800,000 per year for 3 years. What is the internal rate of return (IRR) of the project?

Answer Options

A. 15%
Correct Answer B. 20%
C. 25%
D. 30%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Uniosun 2023 Commerce Question 39. It is one of the objective questions from the 2023 Post Utme Uniosun Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support