Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $160,000, is expected to generate $40,500 for eight years and Project H5, which costs $184,000, is expected to generate $46,100 for eight years. Bidump's required rate of return is 16 percent. 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. Select should be purchased. Its IRR is %.