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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 $400,000. 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 $400,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 $151,596 $151,596 $151,596 $151,596 The appropriate discount rate for this project is 16%. The internal rate of return (IRR) for this project is closest to O A. 14% OB. 19% O C. 11% OD. 22%

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