Post Utme Wellspring University 2021 General Studies Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Wellspring University General Studies examination.

Post Utme Wellspring University 2021 General Studies Objective / Multiple Choice
Question 31 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • GENERAL STUDIES • objective

A company is considering investing in a new project in Nigeria. The project requires an initial investment of ₦200 million and is expected to generate a return of ₦300 million 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 Wellspring University 2021 General Studies Question 31. It is one of the objective questions from the 2021 Post Utme Wellspring University General Studies examination.

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