Zerro Products is considering Projects S and L whose cash flows are show below. The projects are mutually exclusive, equally risky, and not repeatable. The CEO believes the IRR is the best selection criterion, while the CFO advocates the MIRR. If the decision is made by choosing the project with the higher IRR rather than the one with the higher MIRR, how much, if any, value will be forgone? Note that under some conditions the choice will have no effect on the value gained or lost. WACC = 10%. CFs year 0 ($1,100) year 1 $550 year 2 $600 year 3 $100 year 4 $100 CFL year 0 (2,700) year 1 $650 year 2 $725 year 3 $800 year 4 $1,400 a. ($1.60) b. ($1.44) c. ($1.30) d. $0 e. $1.60