Question: 38. Problem 11.12 (IRR and NPV) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows:

 38. Problem 11.12 (IRR and NPV) eBook Problem Walk-Through A company

38. Problem 11.12 (IRR and NPV) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: 0 Projects $1,000 $072.10 $250 55 $15 Project -$1,000 50 $260 $400 $344.57 The company's WACC IS 9.5%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher JRR.) Round your answer to two decimal places

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