Question: Finance company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 4 3 2 $5 $5 -$1,000 $902.03 $240

Finance
company is analyzing two mutually exclusive projects, S and L, with the

company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 4 3 2 $5 $5 -$1,000 $902.03 $240 Project S $420 $731.83 $260 $5 -$1,000 Project L The company's WACC is 9.0%. 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. 0/0

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