Attempts: Keep the Highest: / 1 19. Problem 11.12 (IRR and NPV) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: Project S -$1,000 $890.22 $240 $5 $10 Project L $1,000 $0 $240 $400 $831.03 The company's WACC is 10.5%. 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