A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 ===== Project S -$1,000 $895.19 $250 Project L -$1,000 $10 $250 $380 $791.31 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. % 0 3 $5 4 $5

A company is analyzing two mutually exclusive projects, \\( S \\) and \\( L \\), with the following cash flows: P P 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