Back to Assignment Attempts 10. Problem 11.12 (IRR and NPV) 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 $903.05 $240 $15 Project S Project L -$1,000 -$1,000 $5 $260 $400 $762.64 $5 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 decima places. % Grade it Now Save & Continue Continue without saving Average / 1