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13 E 14. eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows. 0 1 2

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13 E 14. eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows. 0 1 2 3 15 . $10 17. Projects -$1,000 $874.85 $260 $5 Project L -$1,000 $0 $250 $400 $854.45 The company's WACC IS 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.) Round your answer to two decimal places

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