Arrow Electronics is considering Projects S and L, which are mutually exclusive, equally risky, and not repeatable. Project S has an initial cost of $1 million and cash inflows of $370,000 for 4 years, while Project L has an initial cost of $2 million and cash inflows of $720,000 for 4 years. The CEO wants to use the IRR criterion, while the CFO favors the NPV method, using a WACC of 7.42%. You were hired to advise the firm on the best procedure. If the wrong decision criterion is used, how much potential value would the firm lose? That is, what is the difference between the NPV/s for these two projects? Your answer should be between 112000 and 202000, rounded to n dollare ough decimal places are okay), with no special characters: Anderson Systems is considering a project that has an initial cash outflow of $1 million and expected cash inflows of $560,000 per year for the next 3 years. The company uses a WACC of 11% to evaluate these types of projects. What is the project's NPV? Your answer should be between 200000 and 700000 , rounded to even dollars (although decimal places are okay), with no special characters