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company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S $1,000 $879.38 $250 10 $15 Project L 1

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company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S $1,000 $879.38 $250 10 $15 Project L 1 $5 $240 $420 $781.17 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 answ two decimal places

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