Question: Hey - would really appreciate assistance with this question. A firm is considering two mutually exclusive projects, X and Y, with the following cash flows:

Hey - would really appreciate assistance with this question.

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

0 1 2 3 4

Project X -$1,000 $100 $280 $430 $650

Project Y -$1,000 $900 $100 $50 $55

The projects are equally risky, and their WACC is 9.0%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places.

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