Question: Problem 11-13 MIRR A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 3 4 Project

Problem 11-13 MIRR

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 $300 $430 $750
Project Y -$1,000 $900 $100 $45 $45

The projects are equally risky, and their WACC is 13.0%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places.

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