Question: (12-6) A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 01234Project X-$1,000$100$320$370$650Project Y-$1,000$900$90$50$55 The projects are equally risky,

(12-6) A firm is considering two mutually exclusive projects, X and Y, with the following cash flows:

01234Project X-$1,000$100$320$370$650Project Y-$1,000$900$90$50$55

The projects are equally risky, and their WACC is 8%. 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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