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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 Year 2 Year 3 Year 4 $106,230 $106,230 $106,230 $106,230 The appropriate discount rate for this project is 15% The internal rate of return (IRR) for this project is closest to OA 20% B. 23% c. 15% OD. 12%

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