Question: A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 2 3 Project X -$1,000 $90 $280 $400

A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 2 3 Project X -$1,000 $90 $280 $400 $700 Project Y -$1,000 $900 $100 $55 $55 The projects are equally risky, and their WACC is 10%. 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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