Question: 4 A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 3 + + Projects -$1,000 $893.96 $250

 4 A company is analyzing two mutually exclusive projects, S and

4 A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 3 + + Projects -$1,000 $893.96 $250 $5 Project L -$1,000 $0 $240 $862.46 The company's WACC Is 10.0%. 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 $15 $380

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