9. Problem 11.13 Click here to read the eBook: Modified Internal Rate of Return (MIRR) Problem Walk-Through MIRR A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 1 2 3 Project X Project Y $1,000 $1,000 $110 $1,100 $280 $110 $400 $55 $650 $55 The projects are equally risky, and their WACC is 12%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places. Do not round your intermediate calculations. % Grade It Now Save & Continue Continue without saving