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The company's WACC is 8.5%. What is the IRR of the better project A company is analyzing two mutually exclusive projects, S and L, with

image text in transcribedThe company's WACC is 8.5%. What is the IRR of the better project

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 4 $10 Project S $1,000 $865.63 $260 $5 Project L $1,000 $5 $250 $420 $750.50 The company's WACC is 8.5%. 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

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