Question: 11.9 A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Project X Project Y -$1,000 $90 -$1,000 $1,100

11.9

11.9 A firm is considering two mutually exclusive projects, X and Y,

A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Project X Project Y -$1,000 $90 -$1,000 $1,100 $280 $110 $370 $45 $ 650 $45 The projects are equally risky, and their WACC is 9%. What is the MIRR of the project that maximizes shareholder value? Do not round intermediate calculations. Round your answer to two decimal places. %

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