A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: years 0-----1---------2--------3--------4 Project S -1000 $900 $250 $10 $10 Project L -1000 $0 $250 $400 $800 The company's WACC is 10 percent. What is the IRR of the better project? (Hint: Note that the better project may or may not be the one with the higher IRR.)