is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky. choosin the prof. The CEO beieves the IRR is the best selection criterion, whife the CFO advocates the NPV. If the decision is made by chosen NPV versus with the higher IRR rather than the one with the higher NPV, how much. if amy, value will be forgone, j.e. what's the of IRR V5. NPV will have no effect possible NPV? Note that (1) "true value: is measured by NPV, and (2) under some conditions the choice