The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $500,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 $150,000 $185,000 $190,000 $200,000 The cost of capital is 16%. What is the IRR of the new project? Should the project be accepted? yo IRR - 14.70%. No, because IRR = 16%. IRR - 15.90%. No, because IRR = 16%. IRR - 20.75%. Yes, because IRR >r=16%. ur