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Business, 11.02.2020 18:26 ghakassim

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 1, Year 2, Year 3, Year 4, $157,452.98, $157,452.98, $157,452.98, $157,452.98. The appropriate discount rate for this project is 15%. The internal rate of return (IRR) for this project is closest to .
A. 13%.
B. 16%.
C. 21%.
D. 24%.

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