Question: A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: Project S Project L - $1,000 $896.85 - $1,000 $10 $250

 A company is analyzing two mutually exclusive projects, Sand, with the

A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: Project S Project L - $1,000 $896.85 - $1,000 $10 $250 $260 $10 $380 $5 $800.81 The company's WACC is 10.04. 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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