A company is analyzing two mutually exclusive projects, S and L$,$ with the following cash flows:

$01234$

Project S $-$$$1,000$ $$870\mathrm{.}64$ $$240$ $$15$ $$15$

Project L $-$$$1,000$ $$5$ $$240$ $$400$ $$795\mathrm{.}68$

The company's WACC is $10\mathrm{.}5\%.$ What is the IRR of the better project?