Question: A firm is considering two mutually exclusive projects, X and Y, with the following cash flows; the projects are equally risky, and their WACC is
A firm is considering two mutually exclusive projects, X and Y, with the following cash flows; the projects are equally risky, and their WACC is 11.5%. What is the MIRR of the project that maximizes shareholder value?
| t = | 0 | 1 | 2 | 3 | 4 | 5 |
| Project X | -900 | 125 | 225 | 375 | 425 | 425 |
| Project Y | -900 | 625 | 275 | 225 | 175 | 125 |
Group of answer choices
18.03%
15.75%
20.14%
16.69%
15.29%
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