Question: eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S Project L - $1,000

 eBook Problem Walk-Through A company is analyzing two mutually exclusive projects,

eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S Project L - $1,000 $866.04 - $1,000 $0 $260 $240 $15 $420 $10 $766.14 The company's WACC Is 10.0%. 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

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