IRR and NPV

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:

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Project S	-$1,000	$890.08	$250	$15	$10
Project L	-$1,000	$0	$250	$400	$802.63

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.

Problem 11-12 IRR and NPV A company is analyzing two mutually exclusive projects, s and L, with the following cash flows: Project S $1,000 $890.08 $250 $15 $10 Project L $1,000 $0 $250 $400 $802.63 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