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 2 3 4 Project X $(5,500) 1,000 1,500 2,000 4,500 Project Y $(5,500) 4,500 1,500 1,000 800 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 = 16.20%; MIRRy = 16.48%; accept Project X 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