A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 3 4 Project S $1,000 $895.69 $240 $10 Project L $1,000 $10 $260 $380 $775.74 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. $15