Bidump Corporstion is evaluating two mutually excusive capital budgeting projects. Project w2, which costs $200,000, is expected to generate 562,480 for five years and Project HS, which costs $170,000, is expected to generate $53,700 for five years. Bidump's required rate of return is 12 percent. What is the internal rate of return (1RR) of the project the company should purchase? Do not round intermediate calculations. Round your answer to two decimal places. thould be purchased. Its IRR is