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

$01234$

Project S $-$$$1,000$ $$892\mathrm{.}97$ $$240$ $$10$ $$5$

Project L $-$$$1,000$ $$0$ $$240$ $$420$ $$783\mathrm{.}53$

The company's WACC is $10\mathrm{.}0\%.$ 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.

$\%$