IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 2 3 Project S - $1,000 $900.58 $240 $5 $5 Project L - $1,000 $5 $260 $420 $724.69 The company's WACC is 8.0%. 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. 12.10 %