Question: firm is considering two mutually exclusive projects, X and Y with the following cash flows: 0 2 1 $50 Project x -$1,000 $110 $280 $370

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

firm is considering two mutually exclusive projects, X and Y with the following cash flows: 0 2 1 $50 Project x -$1,000 $110 $280 $370 $700 Project Y -$1,000 $1,100 $110 $50 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 96

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