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eBook Problem Walk Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: $5 Project S - $1,000

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eBook Problem Walk Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: $5 Project S - $1,000 $886.78 $250 $10 $1,000 $5 $260 $380 $796.31 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

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