Question: A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 3 0 Project x -$1,000 $110 $300 $400 $700

A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 3 0 Project x -$1,000 $110 $300 $400 $700 Project Y -$1,000 $900 $110 $50 $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. %

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