Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 3 0 515 Projects -$1,000 $877.39 5260 $15

 A company is analyzing two mutually exclusive projects, S and L,

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 3 0 515 Projects -$1,000 $877.39 5260 $15 Project L -51,000 55 5240 5420 $761.98 The company's WACC IS 9.0% 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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