Question: A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 1 0 2 3 4 Project X -$1,000 $110
A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 1 0 2 3 4 Project X -$1,000 $110 $300 $400 $750 Project Y -$1,000 $900 $110 $55 $45 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. 96
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