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

Year 0: -$2,600

Year 1: $790

Year 2: $810

Year 3: $740

Year 4: $520

Year 5: $320

I understand that this question has been posted before and I know the answer. But I need someone to show me how to solve for r. Everyone on chegg only puts the answer. I need a thorough explanation please.