A company is analyzing two mutually exclusive projects, S and L, with the following cash...
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Finance
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:
0
1
2
3
4
Project S
-$1,000
$876.48
$250
$5
$10
Project L
-$1,000
$5
$240
$400
$819.77
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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