UF Company is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and are not repeatable. (Answer in excel format and show spreadsheet inputs)

WACC: 7.75%

Year	0	1	2	3	4
CFs	($1,050)	$700	$625
CFL	($1,050)	$370	$370	$360	$360

2) Calculate IRR of projects S and L, IRRS & IRRL .

IRRs
IRRL