Question: eBook 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
eBook 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 $872.15 $260 $10 $10 Project L $1,000 $5 $260 $420 $744.88 The company's WACC is 8.5%. 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. 12.93 % Hide Feedback Incorrect Check My Work O Icon Key Search o
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