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10. A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: O 1 1 2 3 - Project S

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: O 1 1 2 3 - Project S Project L - $1,000 $882.68 -$1,000 $5 $260 $250 $10 $380 $10 $822.64 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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