Question: Problem 11.13 (MIRR) A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 01234 Project X -$1,000 $90 $300

Problem 11.13 (MIRR) A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 01234 Project X -$1,000 $90 $300 $400 $700 Project Y-$1,000 $900 $90 $50 $45 The projects are equally risky, and their WACC is 11%. 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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