3. Problem 11.12 (IRR and NPV) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and with the following cash flows: 0 1 2 3 4 Projects -$1,000 $894 59 $260 $15 $5 Project L $1,000 $10 $200 $400 $918.35 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 56