IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S Project L - $1,000 $893.86 $1,000 $0 $240 $240 $15 $420 $5 $765.23 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