A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 Projects -$1,000 $888.52 $250 $15 $5 Project L -$1,000 $10 $250 $380 $841.31 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 you answer to two decimal place. % Hide Feedback Incorrect Project L requires an initial outlay att of $45,000, its expected cash inflows are $10,000 per year for 9 years, and Its WACC is 13%. What is the project's NPV? Do not round intermediate calculations, Round your answer to the nearest cont. $ Project L requires an initial outlay at t = 0 of $70,813, its expected cash inflows are $13,000 per year for 10 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places. %