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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 -$1,000 $909.39 $240 $5

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 -$1,000 $909.39 $240 $5 $5 Project S Project L -$1,000 $10 $260 $420 $735.26 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

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