Question: 0 1 4 A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 3 H + Projects -$1,000

0 1 4 A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 3 H + Projects -$1,000 $876.47 $250 $15 $10 Project L -$1,000 $0 $240 $420 $805.80 The company's WACC is 8.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.) Round your answer to two decimal places. %
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