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IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 Project S - $1,000

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IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 Project S - $1,000 $902.08 $240 $5 $15 Project L - $1,000 $5 $260 $380 $838.13 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 answer to two decimal places

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