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A corspany is analyzing two mutually exclusive projects, 5 and L with the following cash flows: Project 5 Project L The company's WACC is 10.04.

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A corspany is analyzing two mutually exclusive projects, 5 and L with the following cash flows: Project 5 Project L The company's WACC is 10.04. What it the Iak of the better project? (Dint: The better project mav or may not be the one with the higher IAR.) Reund your anwwer to two decimal places

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