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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 01234Project S-$1,000$905.22$240$10$5Project L-$1,000$0$240$400$827.28 The company's WACC is 8.0%. What
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:
01234Project S-$1,000$905.22$240$10$5Project L-$1,000$0$240$400$827.28
The company's WACC is 8.0%. What is the IRR of thebetterproject? (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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