Apologies, my previous answer was incorrect...
Basically, since I appears twice -- you need to separate it into two case statements:
**CASE 1:** (I is picked as the first vowel)
This will leave you with 4 ways to pick the last consonant, and then $7!$ combinations, (since the elements that we are permutating are now unique! So there is no need to divide by 2 here.
**CASE 2:** (I is not picked as the first vowel)
In other words, there are only 3 vowels to choose from (since we have already handled the others in Case 1 ). There are still 4 ways to pick the last consonant, and then $\frac{7!}{2}$ combinations (since you now have two identical elements in your 'body of the word')
Add up both of these cases: