Question: B eBook Problem Walk Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3

 B eBook Problem Walk Through A company is analyzing two mutually

B eBook Problem Walk Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 + Projects -$1,000 $897.06 $240 $5 $15 Project -$1.000 $0 $260 $380 $782.26 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 90

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