Question 20 5 pts Galaxy 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 payback, some value may be forgone. How much value will be lost in this instance? Note that under some conditions choosing projects on the basis of the shorter payback will not cause value to be lost. WACC: 8.50% Year CFS CFL 1 2 3 -$950 $500 $800 $0 $0 $800 $800 $1,000 -$2,100 $400 $84.43 $95.03 $173.37 $73.95 Question 17 5 pts Help Charly Miskis calculate the MIRR for the following project. The cost of capital is 11.5 percent. 4 1 2 3 5 6 (500) (50) (30) 300 400 400 200 21.58 percent 22.08 percent 21.75 percent 21.92 percent