The cash flows for Projects SSS and LLL are shown below. Each project has a cost of capital equal to 11%. What is LLL's IRR? a. 12.75% b. 13.48% c. 14.11% d. 15.61% e. 16.43% The cash flows for Projects SSS and LLL are shown below.

Each project has a cost of capital equal to 11%. What is LLL's IRR?

a. 12.75%

b. 13.48%

c. 14.11%

d. 15.61%

e. 16.43%

Given the data in the previous questions, which of the following statements is true?

a. If Projects SSS and LLL are independent, then according to the IRR decision criterion both should be accepted because both have an IRR that exceeds the cost of capital.

b. If these projects are mutually exclusive, then according to the IRR decision criterion Project SSS should be accepted because it has the larger IRR.

c. Both statements are true.