Question: A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: places. % A firm is considering two mutually exclusive

A firm is considering two mutually exclusive projects, X and Y, with

A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: places. %

A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Project X Project Y 1 -$1,000 $110 -$1,000 $900 2 $320 $90 3 $400 $50 4 $750 $55 The projects are equally risky, and their WACC is 9%. 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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