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

$01234$

Project S $-$$$1,000$ $$881\mathrm{.}71$ $$240$ $$15$ $$15$

Project L $-$$$1,000$ $$5$ $$260$ $$400$ $$779\mathrm{.}02$

The company's WACC is $9\mathrm{.}0\%.$ 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.

$\%$