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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 $375,000. 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 $375,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 $153,169 Year 2 $153,169 Year 3 $153,169 Year 4 $153,169 The appropriate discount rate for this project is 18%. The internal rate of return (IRR) for this project is closest to: A. 26% B. 17% C. 14% D. 23%

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