Question: Compute the IRR statistic for Project E. The appropriate cost of capital is 8 percent. (Do not round intermediate calculations and round your final answer

Compute the IRR statistic for Project E. The appropriate cost of

Compute the IRR statistic for Project E. The appropriate cost of capital is 8 percent. (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 IRR Should the project be accepted or rejected? O accepted O rejected

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