ebook Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project 2, which costs $160,000, is expected to generate 347.600 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. Hound your answer to two decimal places hould be purchased. Its RR 16 Pro W2 Prec