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Problem 11-12 IRR and NPV company is analyzing two mutually exclusive projects, S and L, with the following cash flows Project S $1,000 5892.53 $260

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Problem 11-12 IRR and NPV company is analyzing two mutually exclusive projects, S and L, with the following cash flows Project S $1,000 5892.53 $260 5 $5 Project L $1,000 0 5260 380 840.52 The company's WACC is 10.5%. 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 bo decimal places

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