Bidump Corporation is evaluating two murually exclusive capital budgeting projects. Project W$2,$ which costs $$160,000,$ is expected to generate $$40,500$ for eight

vears and Project HS$,$ which conts $5184,000,$ is expected to generate $$46,100$ for eight years. Bidump's required rate of return is $16$ percent. What is the internal ratic

of return $($IRQ$)$ of the project the company should purchase? Do not round intermediate calculations. Round your answer to two decimal places.

thould be purchused. Its IRR is

$\%.$