A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:

0

1

2

3

4

Project S	-$1,000	$887.69	$250	$10	$15
Project L	-$1,000	$10	$260	$420	$718.74

The company's WACC is 8.5%. 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.

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: o 1 2 3 Project S - $1,000 $887.69 $250 $ 10 $15 Project L - $1,000 $10 $260 $420 $718.74 The company's WACC is 8.5%. 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