38. Ray Inc. Is considering Projects $ and L, whose cash fows are shown below. These prolects are mutually exclustve, equally risky, and not repaatable. If the decision is made by choosing the project whth the higher inR, how much value will be forgone? Note that undor certain conditions choosing projects on the basls of the Ifl:will not cause any value to be lost because the one with the higher IRR will also have the higher NPV, so no value will be lost if the inn method is used. WACC =10%. a. $146.59 b. $154.30 c. $162.42 d. $174.67 o. $187.60