114 Vetonit Check My Work (3 remaining) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 + Projects -$1,000 $885.62 $250 $15 $15 Project L - $1,000 $250 $380 $847.94 The company's WACC is 10.0%. 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. $5 %