Question: Bidump Corporation is evaluating two mutually exclusive budgeting projects. Project W2, which cost $190,000, is expected to generate $51,000 for six years and Project H5,

Bidump Corporation is evaluating two mutually exclusive budgeting projects. Project W2, which cost $190,000, is expected to generate $51,000 for six years and Project H5, which cost $155,000, is expected to generate $42,000 for six years. Bidumps required rate of return is 13 percent. What is the internal rate of return of the project the company should purchase? Do not round intermediate calculations. Round your answer to two decimal places. Which project should be purchased? What is its IRR %

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