Waec Model Questions Vol1 2018 Agricultural Science Question 30
Practice objective / multiple choice question 30 from the 2018 Waec Model Questions Vol1 Agricultural Science examination.
A farmer is considering installing a drip‑irrigation system that costs N2,500,000. The system is expected to increase net cash inflow by N800,000 per year for 8 years. Annual operating and maintenance cost is N120,000. Using a discount rate of 12 % per annum, calculate the Net Present Value (NPV) of the project (rounded to the nearest thousand Naira). Should the farmer adopt the system?
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About This Question
This is Waec Model Questions Vol1 2018 Agricultural Science Question 30. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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