Question: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 1 2 3 4 Project S - $1,000

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 1 2 3 4 Project S - $1,000 $880.94 $240 $10 $10 Project L - $1,000 $5 $260 $400 $779.02 The company's WACC is 9.0%. 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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