Compute the IRR statistic for Project F. The appropriate cost of capital is 11 percent.

Compute the IRR statistic for Project F. The appropriate cost of capital is 11 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Project F
Time: 0 1 2 3 4
Cash flow: −$11,600 $4,150 $4,980 $2,320 $2,950

IRR

0 = −$11,600 + $4,150 + $4,980 + $2,320 + $2,950
(1+IRR)0 (1+IRR)1 (1+IRR)2 (1+IRR)3 (1+IRR)4
IRR = 10.20%

Since IRR < i, this project should be rejected.

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