11-12 IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 4 Project S $1,000 Project L $1,000 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 $870 $0 $250 $250 $25 $400 $25 $845