Question: A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: 0 2 3 -$1,000 $901.83 $240 $5 Project S

A company is analyzing two mutually exclusive projects, 5 and L, with the following cash flows: 0 2 3 -$1,000 $901.83 $240 $5 Project S Project L $10 $300 -$1,000 $10 $250 $809.63 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

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