Question: 4. Problem 11.13 (MIRR) eBook Problem Walk-Through Aflem is considering two mutually exclusive projects, X and Y, with the following cash flows 0 1 2

 4. Problem 11.13 (MIRR) eBook Problem Walk-Through Aflem is considering two

4. Problem 11.13 (MIRR) eBook Problem Walk-Through Aflem is considering two mutually exclusive projects, X and Y, with the following cash flows 0 1 2 3 $430 Project X -$1,000 $110 $320 $650 Project -$1,000 $1,100 $100 $50 $55 The projects are equally sky, and their WACC 9%. What is the MIRR of the project that maximes shareholder value? Do not round Intermediate calculations. Round your answer to two decimal places

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