Question: eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S -$1,000 $901.91 $240

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

eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S -$1,000 $901.91 $240 $5 Project L -$1,000 $0 $260 $380 $10 $775.92 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 place Hide Feedback Incorrect

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