Question: Compute the IRR statistic for Project E. The appropriate cost of capital is 8 percent. Note: Do not round intermediate calculations and round your final
Compute the IRR statistic for Project E. The appropriate cost of capital is 8 percent.
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
Project E
| Time: | 0 | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|---|
| Cash flow: | $1,600 | $590 | $660 | $640 | $420 | $220 |
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