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Dupont Chemicals is considering Projects S and L, whose cash flows are shown below. These projocts are mutualy exclusive, equally risky, and not reoeatatie. The

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Dupont Chemicals is considering Projects S and L, whose cash flows are shown below. These projocts are mutualy exclusive, equally risky, and not reoeatatie. The CEO believes the IRR is the best selection criterion, while the CFO advocates the NPV. If the decision is mado by choosing the project with the higher tRR rother than the ore with the higher NPV, how much, it ary, the value will be forgone, i.e., What's the chosen NPV worsus the maximum possidle NPV? Noto that (1) 'true value' is measurad by NPV and (2) undes some conditions the choice of IRR vs. NPV will have no effect on the varue ganed or lost

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