Question: Attempts Keep the Highest / 1 3. Problem 11.12 (IRR and NPV) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, Sand, with

 Attempts Keep the Highest / 1 3. Problem 11.12 (IRR and

Attempts Keep the Highest / 1 3. Problem 11.12 (IRR and NPV) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: 3 4 Projects -$1,000 5892.94 $250 $15 $5 Project -$1,000 $5 $250 $380 $646.05 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 your answer to two decimal places

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