Question: A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: The company's WACC is 10.5%. What is the IRR

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

A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: 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 IRA.) Round your answer to twe decimal places. (3)

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