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A company is analyzing two mutually exclusive projects, S and L , with the following cash flows: Projec Projec The company's WACC is 9 .

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:
Projec
Projec
The company's WACC is 9.0%. What is the IRK 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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