Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 4 Project S Project L -$1,000 $887.36 - $1,000

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 4 Project S Project L -$1,000 $887.36 - $1,000 $10 $250 $250 $10 $400 $10 $802.04 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. 0fa
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