Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S $1,000 $888.92 $250 $10 $5 Project L
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S $1,000 $888.92 $250 $10 $5 Project L $1,000 $5 $250 $420 $75o.s0 The company's WACC is 10.5%, 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
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