ABSA is considering Projects S and L. These projects are mutually exclusive, equally risky, and not repeatable and their cash flows are shown below

r = 10.00%

Year	0	1	2	3	4
Cash flow S	-1,025	650	450	250	50
Cash flow L	-1,025	100	300	500	700

Required:

If the decision is made by choosing the project with the higher IRR, how much value will be forgone? R