A company is analyzing 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:
Cyclooctane
Cyclooctane is a cyclic hydrocarbon with the molecular formula C8H16, featuring eight carbon atoms connected in a ring.
Organic Solvent
A solvent containing carbon that is used to dissolve other substances; it is an essential part of many chemical processes because it can dissolve many organic compounds.
Molecular Formula
A representation of the numbers and types of atoms present in a molecule, but not its structure.
Cyclopentane
A cyclic alkane with the molecular formula C5H10, characterized by a ring of five carbon atoms, used as a solvent and in the synthesis of rubber.
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