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The Sisyphican Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $450,000 The Sisyphean Company

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The Sisyphican Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $450,000 The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 You 2 Year 3 Year 4 5150,000 $185,000 $190,000 $200,000 The cou of capital is 15% What is the IRR of the new project? Should the project be accepted? IRR - 21.10%. Yes, because IRR>T-15% IRR - 14.30%. No, because IRR -15%

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