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You work for an outdoor play structure manufacturing company and are trying to decide between the following two projects: 0 Project Playhouse (minor project) Fort

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You work for an outdoor play structure manufacturing company and are trying to decide between the following two projects: 0 Project Playhouse (minor project) Fort (major poject) Year-End Cash Flows ($ thousands) 1 2 20 22 40 51 - 26 - 75 IRR 38.2% 13.3% 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.) With the incremental IRR at 0.00% and the cost of capital of 4%, you should undertake the (Select from the drop-down menu.)

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