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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 $275,000. 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 $275,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 $102,228 Year 2 $102,228 Year 3 $102,228 Year 4 $102,228 The appropriate discount rate for this project is 16%. The internal rate of return (IRR) for this project is closest to: O A. 18% B. 21% O C. 14% OD. 11%

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