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A firm is considering Project S and L , whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeateable.

A firm is considering Project S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeateable. The CEO wants to use the IRR criterion, while the CFO favors the NPV method. You were highered to advise the firm on the best procedure. If the wrong decision criterion is used, how much potential value would the firm lose?
\table[[WACC: 6.81%,,,,,],[,,,,,],[,,1,2,3,4],[CS,-$1,038,$380,$380,$380,$380
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