eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: + 0 1 2 3 4 H H Project S -$1,000 $888.05 $240 $10 $10 Project L -$1,000 $10 $260 $380 $775.29 The company's WACC is 8.5%. 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. %