Question: Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below. The projects are equally risky, and

Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below. The projects are equally risky, and their cost of capital is 11%. You must make a recommendation, and you must base it on the modified IRR (MIRR). Calculate the two projects' MIRRs. Round your answers to two decimal places.

0 -$5,000 -$5,000
1 1000 4,500
2 1500 1500
3 2000 1000
4 4000 500

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