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A company is analyzing two mutually exclusive projects, S and L , with the following cash flows: Project S Project L The company's WACC is

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:
Project S
Project L
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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