4 A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 + Projects -$1,000 $871.89 $260 $10 $5 Project L -$1,000 $10 $240 $400 $781.44 The company's WACC IS 8.5%. 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 9%