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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 $325,000. 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 $325,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 $127,931 $127,931 $127,931 $127,931 The appropriate discount rate for this project is 16% The intemal rate of retur (IRR) for this project is closest to: A 16% B. 13% C. 24% OD. 21%

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