Grey Matter Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. WACC: 10.00% 0 1 2 3 4 CFS -$3,000 $950 $950 $950 $950 CFL -$8,000 $3,200 $3,200 $3,200 $3,200 1. If the decision is made by choosing the project with the higher IRR, how much value will be forgone? 2. What is the payback period for Project S? 3. What is the discounted payback period for Project L