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Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $180,000, is expected to generate $47,600 for seven years and Project
Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $180,000, is expected to generate $47,600 for seven years and Project H5, which costs $146,000, is expected to generate $39,000 for seven years. Bidump's required rate of return is 16 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-Project W2Project H5Item 1 should be purchased. Its IRR is %.
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