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eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4

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eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Project S -$1,000 $881.01 $250 $15 Project L -$1,000 $5 $240 $420 $15 $786.24 Check My W 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. Icon Key % Check My Wor Question 3 of 5 Save Submit Assignment for Gradin

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