Check My Work (1 remaining) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 3 0 4 Projects -$1,000 $876.08 $260 $10 $15 Project L $1,000 $0 $260 $420 $822.93 The company's WACC is 8.0%. 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. 53.06 % Hide Feedback Incorrect Check My Work (1 remaining) - Teon Koy