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Compute the IRR statistic for Project E. The appropriate cost of capital is 9 percent. (Do not round intermediate calculations and round your final answer

Compute the IRR statistic 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

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