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.$)$

Project E

Time: $012345$

Cash flow $$$$1,300$ $$470$ $$570$ $$580$ $$360$ $$160$

Should the project be accepted or rejected?

multiple choice

accepted

rejected