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20 eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: 0 2 3 4 H

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20 eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: 0 2 3 4 H $15 $15 Project S Project L $1,000 $875.75 $240 -$1,000 $5 $250 $400 $763.71 The company's WACC is 10.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.) Rour your answer to two decimal places. %

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