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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 $ 350 comma 000.

The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $ 350 comma 000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 $ 150 comma 850 $ 150 comma 850 $ 150 comma 850 $ 150 comma 850 The appropriate discount rate for this project is 15%. The internal rate of return (IRR) for this project is closest to: A. 20% B. 26% C. 30% D. 16%

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