Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project $W2,$ which costs $$140,000,$ is expected to generate $$33,100$ for seven years and Project $H5,$ which costs $$16$ is expected to generate $$39,500$ for seven years. Bidump's 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.

$$ should be purchased. Its IRR is $\%.$