Question: 10. Lithium, Inc. is considering two mutually exclusive projects, X and Y. Project X costs $95,000 today (year 0) and is expected to generate $65,000

10. Lithium, Inc. is considering two mutually exclusive projects, X and

10. Lithium, Inc. is considering two mutually exclusive projects, X and Y. Project X costs $95,000 today (year 0) and is expected to generate $65,000 in year one and $75,000 in year two. Project Y costs $120,000 and is expected to generate $64,000 in year one, $67,000 in year two, $56,000 in year three, and $45,000 in year four. The firm's cost of capital for these projects is 13%. What is the modified internal rate of return for Project X? ES (1 Point) 21.4% 25.0 % 22.4% 26.8%

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