K You work for an outdoor play structure manufacturing company and are trying to decide between the following two projects: (Click on the following icon in order to copy its contents into a spreadsheet.) Year-End Cash Flows ($ thousands) 1 15 39 Project Playhouse Fort IRR 10.4% 8.6% You can undertake only one project. If your cost of capital is 8%, use the incremental IRR rule to make the correct decision. 0 -30 - 80 The incremental IRR is%. (Round to two decimal places.) 2 20 52

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