A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 + Project S -$1,000 $878.83 $250 $15 $10 Project L - $1,000 $5 $240 $380 $820.30 The company's WACC is 10.0%. 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. %