Your company is considering two mutually exclusive projects, X and Y whose costs and cash flows are shown below. Assume that the projects are equally risky, and their cost of capital is 12%. Year Project X Project Y 0 $(5,500) $(5,500) 1 1,000 4,500 2 1,500 1,500 3 2,000 1,000 4 4,500 800 What are MIRRs of Project X and Project Y? Which project you will accept based on MIRR project selection criterion, if projects are mutually exclusive? MIRRX = 16.46%; MIRRy = 16.02%; accept Project X MIRRx=17.49%; MIRRy=18.39%; accept Project Y MIRRX = 17.80%; MIRRy - 17.30%; accept Project X MIRRx = 16.20%. MIRRy = 16.48%; accept Project X Question 13 (2 points) Your company is considering two mutually exclusive projects, X and Y whose costs and cash flows are shown below. Assume that the projects are equally risky, and their cost of capital is 12%. Year 0 1 Project X $(5,500) 1,000 1,500 2,000 4,500 Project Y $(5,500) 4,500 1,500 1,000 800 2 3 4 What are the projects payback periods? Payback for Project X is 2.33 years, and Project Y is 3.33 years. Payback for Project X is 2.22 years, and Project Y is 1.67 years. Payback for Project X is 3.33 years, and Project Y is 1.23 years. Payback for Project X is 3.22 years, and Project Y is 1.67 years