Scanlon 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 higher IRR,how much value will be foregone? Note that under certain conditions,choosing projects on the basis of the IRR will not cause any value to be lost because the one with the higher IRR will also have the higher NPV. $\begin{array}{cccccc}\text{ WACC: }& 10.00\%& & & & \\ & 0& 1& 2& 3& 4\\ {\mathrm{CFS}}_{\mathrm{S}}& \$2,050& \$750& \$760& \$770& \$780\\ {\mathrm{CF}}_{\mathrm{L}}& -\$4,300& \$1,500& \$1,518& \$1,536& \$1,554\end{array}$

A) $146.59
B) $154.30
C) $162.42
D) $178.67

A person who adopts the perspective of cultural relativism assumes that ethical standards should apply absolutely across cultures and national boundaries.