A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: D 1 2 3 4 Projects -$1,000 $899.06 $240 $10 $10 Project -$1,000 $0 $240 $420 $831.25 The company's WACC IS 10.5%. What is the IRR or 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 A company is analyzing two mutually exclusive projects, Sand L, with the following cash flows: 0 1 2 3 4 $240 Projects -51,000 $899.06 $240 $10 $10 Project -$1,000 $0 $420 $831.25 The company's WACC IS 10.5%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher TRR.) Round your answer to two decimal places