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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

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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 $129,300 Year 2 $129,300 Year 3 $129,300 Year 4 $129,300 The appropriate discount rate for this project is 20%. The internal rate of retum (IRR) for this project is closest to. O A. 20% OB. 30% OC. 26% OD. 16%

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