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

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eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 1 3 4 Project S - $1,000 $872.78 $250 $15 $15 Project L - $1,000 $0 $250 $400 $825.02 The company's WACC is 10.0%. 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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