Question: Compute the IRR statistic for Project E. The appropriate cost of capital is 9 percent. Note: Do not round intermediate calculations and round your final

Compute the IRR statistic for Project E. The appropriate cost of capital is 9 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: $1,500 $550 $630 $620 $400 $200

IRR=

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