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Problem 11.12 (IRR and NPV) Question 17 of 20 0 1 2 eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 3 4 + Projects -$1,000 $875.53 $250 $10 $15 Project L -$1,000 $10 $240 $380 $852.53 The company's WACC is 9.0%. 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. %