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Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W 2 , which costs $ 1 9 0 , 0 0 0 ,

Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $190,000, is expected to generate $51,000 for six years and Project H5, which costs $155,000, is expected to generate $42,000 for six years. Bidump's required rate of return is 13 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
(Options: Project W2 or Project H5) should be purchased. Its IRR is
_______%.

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