A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 Projects - $1,000 $884.01 $250 $5 55 Project L -$1,000 $10 $250 $380 $853.60 The company's WACC IS 9.5%. 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 9