estion 23 8 points Dupont Chemicals is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable The CEO believes the IRR is the best selection criterion, while the CFO advocates the NPV. If the decision is made by choosing the project with the higher IRR rather than the one with the higher NPV, how much, if any, the value will be forgone, le, what's the chosen NPV versus the maximum possible NPV? Note that (1) "true value is measured by NPV, and (2) under some conditions the choice of IRR vs. NPV will have no effect on the value gained or lost. WACC: 7.50% Year CFS CFL F For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) B US Paragraph - 99 L 0 4 $1,500 $550 $600 $100 $200 $3,000 $650 $725 $800-$1,600 G Q A 133 Open Sans,sY FE 63 8.8 B ET 10pt #H V 18 III > 8811 3880 EV AV 0) +] O e V ** T V www Save Answer (+)