Use the Information for the Question(s)below

Multiple Choice

Use the information for the question(s) below.
The Sisyphean 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:
The appropriate discount rate for this project is 16%.
-The internal rate of return (IRR) for this project is closest to:

A) 18.9%
B) 22.7%
C) 34.1%
D) 39.1%
E) 42.3%