2. A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 2 4 Project S Project L -$1,000 -$1,000 $900 $0 $250 $250 $10 $400 $10 800 The company's WACC is 1%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.)