Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S Project L - $1,000 $896.92 - $1,000
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S Project L - $1,000 $896.92 - $1,000 $5 $240 $240 $10 $400 $15 $831.49 The company's WACC is 8.0%. 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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