Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: A company is analyzing two mutually exclusive projects, S
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:..... 0 1 2 3 4 Respectively/..... Project S -$1,000 $875.10 $260 $10 $5 Project L -$1,000 $0 $260 $400 $771.81 ...... 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 places
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