Question: Please help (without excel or financial calculator)!! 11. Compute the IRR static for Project E. The appropriate cost of capital is 8 percent. (Do not

Please help (without excel or financial calculator)!!

11. Compute the IRR static 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

$3,500

$1,070

$1,020

$880

$660

$460

Should the project be accepted or rejected?

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