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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 $905.41

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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 $905.41 $240 $5 $5 Project - $1,000 $10 $260 $400 $783.03 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 96

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