Question: A company is analyzing two mutually exclusive projects, and with the following cash flows 0 1 2 3 4 Project S Project L - $1,000

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

A company is analyzing two mutually exclusive projects, and with the following cash flows 0 1 2 3 4 Project S Project L - $1,000 5892.34 - $1,000 $0 $240 $250 510 $380 510 $851.73 The company's WACC is 8.5%. What is the IRR of the better project (Hint: The better project may or may not be the one with the gher IRR) Round your answer to two decimal places

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