Post Utme Uniport 2023 Geography Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Uniport Geography examination.

Post Utme Uniport 2023 Geography Objective / Multiple Choice
Question 4 POST_UTME_UNIPORT • 2023 • GEOGRAPHY • objective

A company is considering investing in a new project that requires an initial investment of ₦10 million and is expected to generate a profit of ₦5 million per year for 5 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 Uniport 2023 Geography Question 4. It is one of the objective questions from the 2023 Post Utme Uniport Geography 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