Problem 11-12 IRR and NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 1 3 4 Project S Project L The company's WACC is 10.5%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the -$1,000 $876.65 $15 $250 $15 $773.59 -$1,000 $5 $260 $380 higher IRR.) Round your answer to two decimal places