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Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $120,000, is expected to generate $32,770 for six years and Project

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Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $120,000, is expected to generate $32,770 for six years and Project HS, which costs $164,000, is expected to generate $44,300 for six years. Bidump's required rate of return is 14 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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