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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

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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 Playhouse (minor project) Fort (major poject) You can undertake only one project. If your cost of capital is 9%, use the incremental IRR rule to make the correct decision. 0 - 26 - 76 1 17 38 The incremental IRR is %. (Round to two decimal places.) 2 19 50 IRR 24.2% 9.9%

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