Question: LE 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

LE 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 $874.20 $260 $15 55 Project -$1,000 $0 $250 $400 $844.90 The company's WACC I5 8.0%. 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

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