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

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P7-26 (similar to) 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 2 IRR Playhouse (minor project) 30 19 19 17.3% Fort (major poject) 80 39 51 7.9% 0 1 You can undertake only one project. If your cost of capital is 4%, use the incremental IRR rule to make the correct decision. The incremental IRR is %. (Round to two decimal places.)

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