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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 $225,000. 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 $225,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 $103,867 Year 2 $103,867 Year 3 $103,867 Year 4 $103,867 The appropriate discount rate for this project is 16%. The internal rate of return (IRR) for this project is closest to: C. O A. 23% OB. 35% O C. 30% OD. 18%

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