Jurong Inc. has $50 million long-term debt. The balance sheet also shows the company has 5 million shares of common stock. The current share price is $20 per share, shareholders' required return is 12%, cost of debt is 4.5%, and the company's tax rate is 30%. Jurong Inc. is considering two mutually exclusive projects. The two projects have similar risk and the project cash flows are shown below. If the investment decision is made by choosing the project with the shorter payback period rather than the one with the higher NPV, how much value will be foregone? Cash Flows (Project A) Cash Flows (Project B) 0 -$4,000 -$4,000 1 $2,000 $1,000 2 $2,000 $1000 3 $500 $2,000 $500 $2,000