Post Utme Wellspring University 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

A firm is considering investing in a new project with an initial \cost of ₦100,000 and expected annual profits of ₦20,000 for 5 years. What is the internal rate of return (IRR) of the project?

Answer Options

A. 10%
Correct Answer B. 15%
C. 20%
D. 25%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Wellspring University 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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