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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
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: Year 1 $145,574 Year 2 $145,574 Year 3 $145,574 Year 4 $145,574 The appropriate discount rate for this project is 19%. The internal rate of return (IRR) for this project is closest to: O A. 14% B. 18% O C. 24% D. 28%
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