Problem $13-9$ IRR $($LG$13-4)$

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.$)$

$\backslash$table$[[$Project E$,,,,,,],[$Time:$,0,1,2,3,4,5],[$Cash flow,$-$$$3,500,$$$1,070,$$$1,020,$$$880,$$$660,$$$460$