Compute the IRR static for Project E. The appropriate cost of capital is 9 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	$1,150	$1,080	$920	$700	$500

Should the project be accepted or rejected?

multiple choice

• rejected

• accepted