A tailoring outfit and a shoe-making venture are being considered. The tailoring outfit requires an initial investment of ₦250,000 and is expected to yield ₦350,000 after 2 years. The shoe-making vent

We assume the annual market rate of interest is $10\%$ ($r = 0.10$).
We assume the tailoring outfit also yields after 2 years ($n = 2$), consistent with the shoe-making venture.

• Initial Capital ($C_0$): ₦250,000
• Future Value ($FV$): ₦350,000
• Number of years ($n$): 2
• Interest rate ($r$): 0.10

First, calculate the present value of the yield:

Now, calculate the NPV:

• Initial Capital ($C_0$): ₦450,000
• Future Value ($FV$): ₦550,000
• Number of years ($n$): 2
• Interest rate ($r$): 0.10

First, calculate the present value of the yield:

Now, calculate the NPV:

• NPV for Tailoring Outfit: ₦39,256.20
• NPV for Shoe Making: ₦4,545.45

Both projects have a positive NPV, indicating they are potentially profitable. However, the Tailoring Outfit venture has a significantly higher NPV. Therefore, Okeke's company should choose the project with the higher NPV.

The company should invest in the Tailoring Outfit venture.
The NPV for the Tailoring Outfit is $\boxed{\text{₦39,256.20}}$.
The NPV for the Shoe Making is $\boxed{\text{₦4,545.45}}$.