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25-05-2023
Business

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Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $130,000, is expected to generate $41,000 for five years and Project H5, which costs $174,000, is expected to generate $54,600 for five years. Bidump's required rate of return is 13 percent. What is t 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

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