Question: A company is analyzing two mutually exclusive projects, 5 and with the following cash flows: 1 2 3 0 4 Projects -$1,000 $882.72 $260 $15

 A company is analyzing two mutually exclusive projects, 5 and with

A company is analyzing two mutually exclusive projects, 5 and with the following cash flows: 1 2 3 0 4 Projects -$1,000 $882.72 $260 $15 $5 Project -$1,000 $10 $250 $400 $820.22 The company's WACC IS 10.5%. 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 96

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