Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are
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Question:
Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below:
YearXY
0-$1,000-$1,000
11001,000
2300100
340050
470050
The projects are equally risky, and their cost of capital is 12%. You must make a recommendation, and you must base it on the modified IRR (MIRR). Which project has the higher MIRR?
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