Arrow Electronics is considering Projects S and L$,$ which are mutually exclusive, equally risky, and not repeatable. Project S has an initial cost of $$1$ million and cash inflows of $$370\mathrm{.}000$ for $4$ years, while Project L has an initial cost of $$2$ million and cash inflows of $$720,000$ for $4$ years. The CEO wants to use the IRR criterion. while the CFO favors the NPV method, using a WACC of $6\mathrm{.}67\%.$