4 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.) 10 points Project E Time: Cash flow 4 -$1,600 1 $590 2 $660 3 $640 $420 5 $220 IRR % eBook Hint References Should the project be accepted or rejected? accepted O rejected