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-12 IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: The company's WACC is 10%.

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-12 IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: The company's WACC is 10%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.)

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