The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $ $300,000.$ The Sisyphean Company expects cash inflows from this project as

detailed$$ below:

Year $1$: $ $131,579$

Year $2$: $ $131,579$

Year $3$: $ $131,579$

Year $4$: $ $131,579$

The appropriate discount rate for this project is $18\%.$

The internal rate of return$($IRR$)$ for this project is closest$$ to:

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Part $1$

A$\mathrm{.}27\%$

B$\mathrm{.}16\%$

C$\mathrm{.}20\%$

D$\mathrm{.}31\%$