Round your answer to two decimal places. Find answer in a %

Check My Work (1 remaining) Problem 11-12 IRR and NPV A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Project S -$1,000 $895.83 $240 $5 $10 Project L -$1,000 $10 $250 $420 $803.34 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. Check My Work (1 remaining)