2. Problem 11.12 Click here to read the eBook: Net Present Value (NPV) Click here to read the eBook: Internal Rate of Return (IRR) Problem Walk Through IRR AND NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S Project L - $1,000 $887.84 - $1,000 $5 $260 $260 $5 $400 $10 $751.37 The company's WACC is 10.0%. 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