A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:

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Project S	-$1,000	$889.53	$240	$10	$15
Project L	-$1,000	$10	$240	$420	$810.38

The company's WACC is 9.5%. 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.

B A project has annual cash flows of $5,500 for the next 10 years and then $11,000 each year for the following 10 years. The IRR of this 20-year project is 13.14%. If the firm's WACC is 11%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.