Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $170,000, is expected to generate $43,330 for eight years and Project H5, which costs $125,000, is expected to generate $32,800 for eight years. Bidump's required rate of return is 15 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.

______ should be purchased. Its IRR is _____