Question: IRR and NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 34 Project S

IRR and NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 34 Project S Project L - $1,000 $888.92 - $1,000 $5 $250 $260 $ 10 $420 $5 $760.78 The company's WACC is 9.5%. 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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