Problem 11.12 (IRR and NPV) Question 17 of 20 Check My Work (3 remaining) 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 $890.07 $250 $10 $10 Project L -$1,000 $5 $260 $400 $801.15 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. %