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

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