Question: Unless otherwise instructed, use two (2) decimal places for both percentages and dollar amounts. This is enforced, like in Connect. If you need to enter

Unless otherwise instructed, use two (2) decimal places for both percentages

Unless otherwise instructed, use two (2) decimal places for both percentages and dollar amounts. This is enforced, like in Connect. If you need to enter units, use % for percentages, $ for dollar amounts, x for times and years for years Question 22 (4 points) A company is analyzing two mutually exclusive projects, whose cash flows are shown below. The cost of capital is 12% What is the IRR of the project that would maximize the firm's stock price? Year Project S Project L 0 -1700 -1700 1000 100 500 2 350 3 500 1500 Your Answer Answer units

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