Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below: Year X Y -$1,000 $1,000 100 1,000 300 100 A W N - 400 50 700 50 The projects are equally risky, and their cost of capital is 12%. You must make a rec- ommendation, and you must base it on the modified IRR (MIRR). Which project has the higher MIRR? PDF Assignments Risk ... PDF Assignments Bond.. POF Assignments Stock... ts and Their Valuation machines. Assume that Filkins's cost of capital is 14%. Should the firm replace its old knitting machine? If so, which new machine should it use? By how much would the value of the company increase if it accepted the better machine? What is the equivalent annual annuity for each machine