Check My Work (2 remaining) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 3 0 1 2 4 $10 $380 Projects -$1,000 $875.20 $240 $15 Project L -$1,000 $10 $260 $824.92 The company's WACC is 9.0%. 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 % eBook Problem Walk-Through Project L requires an initial outlay at t - 0 of $40,000, its expected cash inflows are $9,000 per year for 9 years, and its WACC is 13%. What is the project's MIRR? Do not round intermediate calculations, Round your answer to two decimal places % . eBook 3 A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 1 2 4 5 + + + H Project 1 - $450 $75 $75 $75 $210 $210 Project 2 -$600 $350 $350 $100 $100 Which project would you recommend? Select the correct answer. a. Both Projects 1 and 2, since both projects have NPV's > 0. b. Both Projects 1 and 2 since both projects have IRR's > 0. c. Project 2, since the NPV2 > NPV1. d. Neither Project 1 nor 2, since each project's NPV NPV2. 0-lcon Key