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IRR AND NPV A company is analyzing two mutually exclusive projects, S and L , with the following cash flows: Projes Projes The company's WACC

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