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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: $195,574 Year 1 $145,574 $145,674 Year 2 $145,574 Year 3 $145,574 Year 4 $145,574 The appropriate discount rate for this project is 17%. The internal rate of return (IRR) for this project is closest to: O A. 18% O B. 24% O c. 28% OD. 14%

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