Question: 7. Problem 11.12 (IRR and NPV) CD ebook Problem Walke-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash

 7. Problem 11.12 (IRR and NPV) CD ebook Problem Walke-Through A

7. Problem 11.12 (IRR and NPV) CD ebook Problem Walke-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 3 4 Projects $1,000 $870.53 $260 $10 $10 Project -$1,000 $10 $260 $420 $736.16 The company's WACC IS 100% What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher ) Round your answer to two decal places

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