7. Problem 11.12 (IRR and NPV) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: o 1 2 3 4 Projects -$1,000 $887.54 $250 $15 $5 Project -$1,000 $0 $250 $400 $767.85 The company's WACC IS 8.0%. 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 Grade It Now Save & Continue Continue without saving lem Walk-Through ts, S and L, with the following cash flows: 4 $5 5767.85 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