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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S Project L - $1,000 $893.39 - $1,000

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S Project L - $1,000 $893.39 - $1,000 $0 $240 $240 $5 $380 $10 $800.57 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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