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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows Project s -$1,000 $888.61 $260$10ss Project L -$1,000 $5$240$380

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows Project s -$1,000 $888.61 $260$10ss Project L -$1,000 $5$240$380 $812.00 The company's WACC is 10.5%. what is the IRR of the better project? (Hint: The preject may or may not be the one with the higher IRR.) Round your answer to two decimal places. 5 2

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