Question: A company is analyzing two mutually exclusive projects, S and with the following cash flows: 0 1 2 3 4 Projects -$1,000 $879.38 $250 $5

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

A company is analyzing two mutually exclusive projects, S and with the following cash flows: 0 1 2 3 4 Projects -$1,000 $879.38 $250 $5 $5 Project 1 -$1,000 $0 $260 $380 $788.62 The company's WACC is 9.5%. What is the IRR of the better project? (Hint: The better project may or may not be the with the higher IRR.) Round your answer to two decimal places. 96

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