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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 $350,000. 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 $350,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 $125,081 $125,081 $125,081 $125,081 The appropriate discount rate for this project is 20%. The internal rate of return (IRR) for this project is closest to: A. 12% B. 18% C. 10% OD. 16%

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