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B ebook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and with the following cash flows: 2 Projects -$1,000 $885.34 $240 $10

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B ebook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and with the following cash flows: 2 Projects -$1,000 $885.34 $240 $10 515 Project -$1,000 $5 $250 3420 $768.11 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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