Question: eBook 1 Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 Projects
eBook 1 Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 Projects -$1,000 $870.43 $250 $10 $15 Project -$1,000 $10 $250 $380 $829.58 The company's WACC 19.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR) Round you answer to two decimal places
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