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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows lows: 1 2 3 Projects -$1,000 $866.91 $260 515

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows lows: 1 2 3 Projects -$1,000 $866.91 $260 515 $10 Project -$1.000 $10 $260 5420 5730.33 The company's WACC IS 8.54. 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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