7. Problem 11.12 Click here to read the eBook: Net Present Value (NPV) Click here to read the eBook: Internal Rate of Return (IRR) Problem Walk-Through IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 Projects -$1,000 $902.85 $240 $10 $10 Project L -$1,000 $5 $260 $420 $797.80 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. Grade it Now Save & Continue Continue without saving