DROPDOWN OPTIONS

Project W2 / Project H5 should be purchased. Its IRR is _______%

Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $210,000, is expected to generate $51,400 for six years and Project H5, which costs $184,000, is expected to generate $45,200 for six years. Bidump's required rate of return is 11 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 %