Multiple Choice
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: 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%
Correct Answer:

Verified
Correct Answer:
Verified
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