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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 $89498 1240 $5

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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 $89498 1240 $5 $15 Project -$1,000 510 5260 $380 $811.09 The company's WACC is 10.04. 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 decima places 42 Scoot

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