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A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: 1 3 o $240 Projects -$1,000 $875.75 $15 $15 Project L

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A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: 1 3 o $240 Projects -$1,000 $875.75 $15 $15 Project L -$1,000 $5 $240 5380 3816.14 The company's WACC S 10.5. What is the TRR of the better project? (Hint: The better project may or may not be the one with the higher TR.) Round your answer to two decimal places

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