Question: A company is analyzing two mutually exclusive projects, s and L, with the following cash fnows: Project S $1,000 $881.84 $240 $15 Project L-$1,000 $5

 A company is analyzing two mutually exclusive projects, s and L,

A company is analyzing two mutually exclusive projects, s and L, with the following cash fnows: Project S $1,000 $881.84 $240 $15 Project L-$1,000 $5 $250 420 S750.50 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 one with the higher IRR Round your answer to two decimal places

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