Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: The company's WACC is 9.5%. What is the IRR
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: The company's WACC is 9.5%. 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.
| 0 | 1 | 2 | 3 | 4 |
| Project S | -$1,000 | $884.91 | $240 | $5 | $15 |
| Project L | -$1,000 | $0 | $250 | $420 | $784.89 |
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