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5 Problem 13-9 IRR (LG13-4) 8.33 points Compute the IRR statistic for Project E. The appropriate cost of capital is 7 percent. (Do not round

5 Problem 13-9 IRR (LG13-4) 8.33 points Compute the IRR statistic for Project E. The appropriate cost of capital is 7 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project E Time: 1 Cash flow -$1,100 $390 2 $510 3 4 5 $540 $320 $120 IRR % Should the project be accepted or rejected? accepted O rejected

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