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HELP! TIME LIMIT! The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $300,000.
HELP! TIME LIMIT!
The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $300,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 $136, 174 Year 2 $136,174 Year 3 $ 136,174 Year 4 $136,174 The appropriate discount rate for this project is 15%. The internal rate of return (IRR) for this project is closest to: A. 22% B. 33% C. 29% D. 17%Step by Step Solution
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