Question: 10 eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 3 4 $1,000 $869.52

 10 eBook Problem Walk-Through A company is analyzing two mutually exclusive

10 eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 3 4 $1,000 $869.52 $250 $15 $10 Project S Project L -$1,000 $5 $260 $400 $754.06 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 IRL) Round your answer to two decimal places

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