Tesаr Chemicаls is cоnsidering Prоjects S аnd L, whоse cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO believes the Internal Rate of Return (IRR) is the best selection criterion, while the CFO advocates the Net Present Value (NPV). If the decision is made by choosing the project with the higher IRR rather than the one with the higher NPV, how much, if any, value will be forgone, i.e., what's the chosen NPV versus the maximum possible NPV? WACC: 9.25% 0 1 2 3 4 CFS -$1,100 $550 $600 $100 $100 CFL -$2,700 $650 $725 $800 $1,400