IRR AND NPV A company following cash flows: 12 is analyzing two mutually exclusive projects, S and L, with the 0 4 Project S Project L -$1,000 $1,000 $870 $0 $250 $250 $25 $400 $25 $845 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.)