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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 3 Projects -$1,000 $686.19 $250 $15 55

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 3 Projects -$1,000 $686.19 $250 $15 55 Project -$1,000 50 5250 $420 753.16 The company's WACCION. What is the IRR of the better project (Hint: The better project may or may not be the one with the higher) Hound your awer to two decimal places

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