Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows The company's WACC is 10.5%. What is the IRR
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows

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.

4 Project S $1,000 $903.89 $240 $10 $5 Project L $1,000 $10 $240 $400 $819.73
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