Click here to read the eBook: Net Present Value (NPV) Click here to read the eBook: Internal Rate of Return (IRR) Problem Walk-Through IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 Project S Project L -$1,000 $877.29 -$1,000 $0 $260 $240 $15 $380 $5 $823.53 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 decimal places. % Grade It Now Save & Continue Continue without saving