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.) Project E Time: 0 1 2 3 4 5 Cash flow -$1,900 $710 $750 $700 $480 $280 IRR % 90 Should the project be accepted or rejected? O accepted O rejected

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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.)
Project E
Time:
0
1
2
3
4
5
Cash flow
-$1,900
$710
$750
$700
$480
$280
IRR
%
90
Should the project be accepted or rejected?
O accepted
O rejected
Transcribed Image Text: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.) Project E Time: 0 1 2 3 4 5 Cash flow -$1,900 $710 $750 $700 $480 $280 IRR % 90 Should the project be accepted or rejected? O accepted O rejected
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