Question: Check My Work (1 remaining) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project

 Check My Work (1 remaining) eBook Problem Walk-Through A company is

Check My Work (1 remaining) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S - $1,000 $870.96 $260 $5 $15 Project L - $1,000 $10 $260 $420 $739.76 The company's WACC is 100%. 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 11.82 % e Feedback

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