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Compute the IRR static for Project E

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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: Cash flow 1 0 -$3,300 $990 2 $960 3 $840 4 $620 5 $420 IRR % Should the project be accepted or rejected? rejected O accepted