Bidump corporation is evaluating two mutually exclusive capital budgeting projects. Project W-2, which cost $170,000 is expected to generate $43,330 for eight years and project HF which costs $125,000 is expected to generate $32,800 for eight years. Bidump's required rate of return is 15%.

What is the internal rate of return (IRR) of the project the company should purchase? Do not round intermediate calculations. Round your answer to two decimal places.

Answer rating: 100% (QA)

IRR cash flow 1r i initial inve... View the full answer