ND Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. If the decision is made by choosing the project with the shorter pay back some value may be forgotten how much value will be lost in this instantWACC:

10.00%

Year

0

1

2

3

4

CFS

$1,150

$500

$500

$600

$0

CFL

$2,100

$400

$800

$800

$1,000