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A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: 0 1 2 3 4 Projects -$1,000 $879.02 $250 515 $15

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A company is analyzing two mutually exclusive projects, Sand, with the following cash flows: 0 1 2 3 4 Projects -$1,000 $879.02 $250 515 $15 Project 1 -$1,000 $5 $250 $380 $824.97 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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