< Back to Assignment Attempts: 0 19. Problem 11.12 (IRR and NPV) E eBook Keep the Highest: 0/1 Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Project S Project L -$1,000 $875.93 $260 -$1,000 $5 $240 $5 $420 $15 $772.92 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. % Grade It Now Save & Continue Continue without saving