Question: please answer the following need help company is analyzing two mutually exclusive projects, and with the following cash flows: 0 1 2 3 4 Projects
company is analyzing two mutually exclusive projects, and with the following cash flows: 0 1 2 3 4 Projects -$1,000 $890.22 $240 $10 $15 Project L -$1,000 $10 $260 $380 $762.25 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 IRA) Round your answer to the decimal places 9
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