Gce Model Questions Vol1 2022 Agricultural Science Question 15
Practice objective / multiple choice question 15 from the 2022 Gce Model Questions Vol1 Agricultural Science examination.
An agricultural extension program aims to train 200 farmers. The program incurs an initial set‑up cost of $10 000 and an annual operating cost of $3 000 for each of the next three years. After the program, each farmer's net income is expected to increase by $150 per year for three years. Using a discount rate of 8 % per annum, calculate the net present value (NPV) of the program (in dollars) and state whether the NPV is positive.
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This is Gce Model Questions Vol1 2022 Agricultural Science Question 15. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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