Question: Check My Work (3 remaining) B eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:

 Check My Work (3 remaining) B eBook Problem Walk-Through A company

Check My Work (3 remaining) 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 $900.45 $240 $15 $5 Project L -$1,000 $0 $240 $380 $868.17 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. % Check My Work (3 remaining)

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