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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 1 2 3 4 Project S Project L

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 1 2 3 4 Project S Project L - $1,000 $867.55 - $1,000 $0 $260 $260 $ 10 $420 $10 $770.53 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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