A company is analysing two mutually exclusive projects, S and L, whose cash flows are shown below: 
The company's required rate of return is 12 percent.What is the IRR of the better project? (Hint: Note that the better project may or may not be the one with the higher IRR.)
Definitions:
Abandoning
The act of leaving or withdrawing support from someone or something.
Cheating
The act of being dishonest, breaking rules, or deceiving in order to gain an unfair advantage.
Marrying
Marrying is the act of becoming legally united to another person in a ceremony recognized by law or culture, establishing a marital relationship.
Losing
The act of not winning or failing to achieve an objective or goal.
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