IRR and NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 Project S - $1,000 $874.20 $260 $ 10 $15 Project L - $1,000 $0 $250 $420 $831.87 The company's WACC is 9.5%. 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. %