Question: eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and with the following cash flows: 0 2 3 Projects -$1,000 $874.97 $250
eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and with the following cash flows: 0 2 3 Projects -$1,000 $874.97 $250 $10 $5 Project L -$1,000 $10 $260 $400 $807.57 The company's WACC is 10.5%. 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. %
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