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Problem Walk-Through A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: 0 2 3 $10 Project S Project

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Problem Walk-Through A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: 0 2 3 $10 Project S Project L -$1,000 $889.36 $250 $10 $5 $420 -$1,000 $250 $767.21 The company's WACC is 9.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR) Round your answer to two decimal places. CO % 02 EP N

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