help (3)

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 + H Projects -$1,000 $878.30 $260 $10 $5 Project L -$1,000 $5 $260 $380 $842.37 The company's WACC is 9.5%. 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 ar two decimal places %