Below is a sample question on my homework assignment. I can't seem to get the right answer and I'm not sure if I'm doing it correctly.

Compute the IRR staticfor Project E. The appropriate cost of capital is 7 percent.(Do not round intermediate calculations and round your finalanswer to 2 decimal places.)

Project ETime: 0 1 2 3 4 5

Cash flow-$1,100 $390 $510 $540 $320 $120

Should the project be accepted or rejected?

• accepted
• rejected