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5. Practice Problem 9-5 eBook generate $53,700 for five years. Bidump's Bldump Corporation is evaluating two mutually exclusive capital budgeting projects. Project w2, which costs
5. Practice Problem 9-5 eBook generate $53,700 for five years. Bidump's Bldump Corporation is evaluating two mutually exclusive capital budgeting projects. Project w2, which costs $200,000, is expected to generate $62,480 for five years and Project H5, which costs $170,000, is expected required rate of return is 12 percent. What is the internal rate of return (IRR) of the project the company should purchase? Do not round Intermediate calculations. Round your answer to two decimal places. Select should be purchased. Its IRR IS
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