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0 1 3 4 A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 2. + Project X -$1,000

0 1 3 4 A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 2. + Project X -$1,000 $90 $280 $400 $700 Project Y -$1,000 $1,000 $110 $45 $50 The projects are equally risky, and their WACC is 11%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places. Do not round your intermediate calculations. %

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