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Compute the IRR statistic for Project E. The appropriate cost of capital is 7 percent. (Do not round intermediate calculations and round your final answer

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Compute the IRR statistic for Project E. The appropriate cost of capital is 7 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project E Time: Cash flow 0 -$2,800 1 $870 2 $870 3 $780 4 $560 5 $360 IRR % Should the project be accepted or rejected? accepted O rejected

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