Problem 11.12 (IRR and NPV) Question 17 of 20 Check My Work (3 remaining) 4 eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 + Projects -$1,000 $876.65 $250 $15 $15 Project L -$1,000 $5 $250 $400 $776.85 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 higher IRR.) Round your answer to two decimal places. Check My Work (3 remaining)