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A company is analyzing two mutually exolusive projects, 5 and L, with the following cash flows: Project 5$1,000$887.39$260$10$5 Project L $1,000$10$260$420$781,82 The company's WACC is
A company is analyzing two mutually exolusive projects, 5 and L, with the following cash flows: Project 5$1,000$887.39$260$10$5 Project L $1,000$10$260$420$781,82 The company's WACC is 10.0%. What is the IAR of the better project? (Hint: The better project may or may not be the ane with the higher IRR.) Round your answer to two decimal places. \%
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