Check My Work (3 remaining) o eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 3 Projects -$1,000 $888.04 $240 $15 $15 Project L -$1,000 $0 $240 $420 $765.23 The company's WACC is 8.5%. 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. % Check My Work (3 remaining)