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P7-26 (similar to) 0 You work for an outdoor play structure manufacturing company and are trying to decide between the following two projects: Year-End Cash

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P7-26 (similar to) 0 You work for an outdoor play structure manufacturing company and are trying to decide between the following two projects: Year-End Cash Flows ($ thousands) Project 1 2 IRR Playhouse (minor project) -30 17 21 16.7% Fort (major poject) -79 38 50 7.2% You can undertake only one project. If your cost of capital is 5%, use the incremental IRR rule to make the correct decision The incremental IRR is % (Round to two decimal places.)

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