Finding Numeric Values of Strings using strsplit()

Given a random list of words, can you find which has the lowest or highest numerical value when we apply a basic number:letter cipher?
A while back I asked David how he would solve this problem:
http://projecteuler.net/problem=42
Today’s post shows how to take a vector of words, parse them into each of the individual letters comprising the word, and calculate the sum of the value of the word using A=1, B=2, …, Z=26.
Enjoy!
P.S. The code can be modified to find the answer (162) to: