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:

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 $172,400 Year 2 $172,400 Year 3 $172,400 Year 4 $172,400 The appropriate discount rate for this project is 15%. The internal rate of return (IRR) for this project is closest to: A. 30% B. 20% C. 26% D. 16%