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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 $400,000. 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 $400,000. The Sisyphean Company expects cash inflows from this project as detailed below: The appropriate discount rate for this project is 15%. The internal rate of return (IRR) for this project is closest to \begin{tabular}{l} \hline 13% \\ \hline 16% \\ \hline 8% \\ \hline 24% \\ \hline 0% \\ \hline 78% \\ \hline 55% \\ \hline 21% \end{tabular}

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