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0 1 3 4 A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 + Projects -$1,000 $900.49

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0 1 3 4 A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 + Projects -$1,000 $900.49 55 $15 Project L -$1,000 $5 $250 $380 $794.11 The company's WACC In 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.) Rou your answer to two decimal places. $240 %

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