Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 4 Projects -$1,000 $888.52 $250 $15
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 4 Projects -$1,000 $888.52 $250 $15 $5 Project L -$1,000 $10 $250 $380 $841.31 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 higher IRA.) Round your answer to two decimal places %
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