The Sisyphean Company is planning on investing in a new project. This will involve the...
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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 $300,000. The Sisyphean Company expects cash iflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 $125,450 $125,450 $125,450 $125,450 The appropriate discount rate for this project is 15%. The Internal Rate of Return (IRR) for this project is closest to A) 24.30% B) 19.60% C) 13.45% D) 21.00% E) 16.15%
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