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look Problem Walk-Through company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 3 0 4 rojects -$1,000

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look Problem Walk-Through company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 3 0 4 "rojects -$1,000 $885.06 $240 $10 $5 roject -$1,000 $5 $260 $380 $770.89 The company's WACC is 8.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.) Round wour answer to two decimal places. %

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