A company is analyzing two mutually exclusive profects, $S$ and $L,$ whose cash flows are shown below:

The company's cost of capital is $9$ percent, and it can get an unilmited amount of capital at that cost. What is the

regular IRR $($not MIRR$)$ of the better project? $($Hint: Note that the better project may or may not be the one with

the higher IRR.$)$

a$.11\mathrm{.}45\%$

b$.11,74\%$

c$.13\mathrm{.}02\%$

d$.13\mathrm{.}49\%$

e$.12\mathrm{.}67\%$