Question: A company is analyzing two mutually exclusive projects, S and L, with the following cag 1 2 34 H Project -$1,000 $893.64 $ 250 $5

A company is analyzing two mutually exclusive projects, S and L, with the following cag 1 2 34 H Project -$1,000 $893.64 $ 250 $5 $10 Project -$1,000 $5 $ 240 $380 $801.92 The company's WACC is 8.0%. What is the IRR of the better project ? (Hint: The better p Round your answer to two decimal places .

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