Use the Information for the Question(s)below

question 116

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%

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