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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 $225,000. The Skyphean 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 $225,000. The Skyphean Company expects cash inflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 588,567 $88,567 $88.567 588 567 The appropriate discount rate for this project is 16% The internal rate of retum (IRR) for this project is closest to: OA 24% OB 16% OC 13% OD. 21%

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