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 favours the NPV method, and you were hired to advise the firm on the best procedure. If the CEO's preferred criterion is used, how much value will the firm lose as a result of this decision? 
Definitions:
Complex Society
A society characterized by a hierarchical structure, specialization of labor, and the presence of complex institutions.
Community
In primatology, a unit of primate social organization composed of fifty or more individuals who collectively inhabit a large geographical area.
Work
An activity involving mental or physical effort done to achieve a purpose or result, often associated with earning a livelihood in the context of employment.
Mode of Subsistence
The method by which a society acquires its food and economic resources, which can range from hunting and gathering to agriculture or industrial production.
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