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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows 0 4 Project S $1,000 $874.63 $250 $5 Project

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows 0 4 Project S $1,000 $874.63 $250 $5 Project L $1,000 $5 $240 $380 $835.16 The company's WACC is 9.0%. 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 $10

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