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 $$$$3,200$ $$950$ $$930$ $$820$ $$600$ $$400$ What is the IRR rounded to $2$ decimal places?

Should the project be accepted or rejected?

multiple choice

rejected

accepted