Question: A company is analyzing two mutually exclusive projects, S & L, with the given cash flows:
![1755_mutually exclusive project.jpg](https://secure.secure.tutorsglobe.com/CMSImages/1755_mutually exclusive project.jpg)
The company’s WACC is 10%. Calculate the IRR of the better project? [Hint: Note that the better project may or may not be the one with the higher IRR.]