Problem Walk-Through IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2. 3 3 4 Projects -$1,000 $883.08 $240 $15 $15 Project L -$1,000 $5 $260 $380 $810.12 The company's WACC is 8.0%. 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. %