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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 Project S -

A company is analyzing two mutually exclusive projects, S and L,with the following cash flows:
01234
Project S -$1,000,$877.35,$260,$10,$10
Project L -$1,000,$0,$260,$420, $772.37.
The company's WACC is 10.5%.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.

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