Waec Model Questions Vol1 2019 Agricultural Science Question 45
Practice objective / multiple choice question 45 from the 2019 Waec Model Questions Vol1 Agricultural Science examination.
An agricultural extension project proposes two methods to increase yam yields.\nMethod X: initial set‑up cost ₦150,000, annual maintenance ₦30,000, expected additional revenue ₦120,000 per year for 5 years.\nMethod Y: initial set‑up cost ₦80,000, annual maintenance ₦20,000, expected additional revenue ₦90,000 per year for 5 years.\nUsing a discount rate of 10 % per annum, which method has the higher net present value (NPV)? State the NPV difference (Method X NPV minus Method Y NPV) rounded to the nearest thousand naira.
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About This Question
This is Waec Model Questions Vol1 2019 Agricultural Science Question 45. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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