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I got the answer 11.93 which is incorrect. A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: The

I got the answer 11.93 which is incorrect. image text in transcribed
A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: The company's WACC is 8.5%. 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 answer to two decimal places. %

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