Noe Drilling Inc. is considering Projects S and L, whose cash flows are shown below. These 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, value will be forgone, i.e., what's the difference between the NPV of the chosen project based on IRR method and the NPV of the chosen project based on NPV method.

WACC: 7.50%

year	0	1	2	3	4
CFS	-1,100	550	600	100	100
CFL	-2,750	650	725	800	1,400

please include the calculation process for all of numerical questions