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Year 1 The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $400,000. The

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Year 1 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: Year 2 Year 3 Year 4 $140,106 $140,106 $140,106 $140,106 The appropriate discount rate for this project is 18%. The internal rate of return (IRR) for this project is closest to: O A 17% B. 11% C. 15% OD. 9%

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