3. Problem 11.12 (IRR and NPV) ebook Problem Walk-Through A company is analyzing two mutually exclusive projects, and with the following cash flows: 0 2 3 4 Projects -$1,000 $887.98 $250 $15 $10 Project -$1,000 $5 $260 $380 $836.24 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 96