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A company is analyzing two mutually exclusive projects, 5 and 1. with the following cash flowers 1 2 3 Projects $1,000 $882.48 $260 $10 $5

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A company is analyzing two mutually exclusive projects, 5 and 1. with the following cash flowers 1 2 3 Projects $1,000 $882.48 $260 $10 $5 Project $1,000 $10 $260 $420 $762.93 The company's WACC is 8,0% 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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