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eBook 1 Problem Walk-Through A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: O 1 2 3 1 Projects $1,000

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eBook 1 Problem Walk-Through A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: O 1 2 3 1 Projects $1,000 $876.94 $260 $10 $5 Project $1,000 $10 $240 $400 $857.59 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. 96

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