4 eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 3 + Projects -$1,000 $861.63 $250 $15 Project L -$1,000 $5 $260 $400 $838.31 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. $15 %