Sexton Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable.
If the decision is made by choosing the project with the best IRR, how much more NPV the project with the better IRR will generate over the project with the inferior IRR? IRR, L 15.58% IRR, s 18.06% WACC 9.50% CFs -$2050 1 year $750 2 year $760 3 year $770 4 year $ 780 CFl -$4300 1 year $1500 2 year $1518 3 year $1536 4 year $1554.