A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Projects -$1,000 $883.26 $250 $15 $15 Project L -$1,000 $10 $250 $420 $758.54 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