Question: A firm is considering two mutually exclusive projects, X and Y with the following cash flows: 2 3 Project X Project Y - $1,000 -$1,000

A firm is considering two mutually exclusive projects, X and Y with the following cash flows: 2 3 Project X Project Y - $1,000 -$1,000 $100 $900 $320 $90 $430 $50 $650 $45 The projects are equally risky, and their WACC is 13%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places. Do not round your intermediate calculations

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