Question: A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows 0 1 2 Projects $1,000 $891.36 $250 $10 55

 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 0 1 2 Projects $1,000 $891.36 $250 $10 55 Project t -$1,000 $0 $240 3420 816.12 The company's WACC IS 11.54. What is the IRR of the better oject? (Mati The better roject may or may not be the one with the higher IRR.) Round your answer to two decimal places

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