Question: Am is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 3 4 $90 Project X -$1,000 $280

 Am is considering two mutually exclusive projects, X and Y, with

Am is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 3 4 $90 Project X -$1,000 $280 $400 $650 Project Y - $1,000 $1,000 $100 $55 $45 The projects are equally risky, and their WACC IS 12%. 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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