Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2. 3 4 Projects -$1,000 $898.28 $240
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2. 3 4 Projects -$1,000 $898.28 $240 $10 $15 Project L -$1,000 $0 $260 $380 $809.72 The company's WACC is 10.0%. 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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