Question: 33. Problem 11.12 (TRR and NPV) Book Problem Walk Through A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: Projects
33. Problem 11.12 (TRR and NPV) Book Problem Walk Through A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: Projects $1,000 $885 38 $260 $5 $10 Project L - $1,000 $10 $250 3400 $774.94 The company's WACC 10.5%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher TRA) Round your answer to two decimal places 96
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