A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 + + Project S Project L -$1,000 $892.71 $250 -$1,000 $5 $250 $10 $420 $5 $742.39 The company's WACC is 8.5%. 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. % Grade it Now Save & Continue Continue without saving