Simkins Renovations Inc. is considering a project that has the following cash flow data. What is the project's IRRON that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected. Year Cash flows -58258300 -S825 $300 829082805270 $290 a. 13.59% b. 17.24% c. 11.40% d. 15.20% e. 14.61% 8 A firm is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO wants to use the IRR criterion, while the CFO favors the NPV method. 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? S3RO $380 $765 $380 $765 $380 $765 $765 WACC: 11.75% 0 CFs -$1,025 CFL -$2,150 a. $45.51 b. 550.56 c. $62.70 d. $57.64 e. $45.00