Compute the IRR static 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:	0	1	2	3	4	5
Cash flow	–$3,600	$1,110	$1,050	$900	$680	$480

IRR

%

Should the project be accepted or rejected?

AcceptedRejected