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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows 0 1 2 3 4 Projects -$1,000 $877.42 $250

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows 0 1 2 3 4 Projects -$1,000 $877.42 $250 $10 $5 Project L $1,000 $10 $260 $400 $784.87 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

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