LUI Assignment: Chapter 11 Homework Assignment Score: 33.33% Save Submit Assignment for Grading Questions Problem 11.12 (TRR and NPV) 6. Question 8 of 9 7. Check My Work or 9. 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 Projects -$1,000 $875.01 $260 $15 $10 Project L -$1,000 $10 $260 $420 $767.51 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. %