0 MIRR and NPV Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below: Year Y -$5,000 $5,000 1 1,000 4,500 2 1,500 1,500 3 2,000 1,000 4 4,000 The projects are equally risky, and their cost of capital is 15%. You must make a recommendation, and you must base it on the modified IRR (MIRR). Calculato the two projects MIRRs. Do not round Intermediate calculations, Round your answers to two decimal places. Project X: 9. 500 Project Y: % Which has the higher MIRR? selec nas the higher MIRR