eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $65,000, its expected cash inflows are $15,000 per year for 9 years, and its WACC is 10%. What is the project's Odiscounted payback? Do not round Intermediate calculations. Round your answer to two decimal places o O years O A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 $240 $15 $15 $400 Projects -$1,000 $886.93 Project L -$1,000 $5 $240 $781.51 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. % e