Project L costs $35,000, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places. years A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 0 1 3 4 $15 Projects -$1,000 $863.97 $260 $15 Project 1 -$1,000 $0 $260 $400 $758.22 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 W 9