A company is analyzing two mutually exclusive projects $,$ S and L $,$ with the following cash flows : $23$ Project S $ $1,000$ $ $887\mathrm{.}99$ $ $240$ $ $15$ $ $10$ Project L $-$ $ $1,000$ $ $5$ $ $250$ $ $400$ $ $797\mathrm{.}95$ The company's WACC is $9\mathrm{.}0\%.$ 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 $.\%$