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:
Year one
$200,000
Year Two
$225,000
Year Three
$275,000
Year Four
$200,000
The IRR for this project is closest to;
A. 22.7%
B. 18.9%
C. 39.1%
D. 34.1%