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16. Problem 11.13 (MIRR) ER eBook Problem Walk-Through A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0

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16. Problem 11.13 (MIRR) ER eBook Problem Walk-Through A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 3 4 Project x -$1,000 $100 $320 $430 $750 Project Y -$1,000 $900 $110 $50 $55 The projects are equally risky, and their WACC is 13%. What is the MIRR of the project that maximizes shareholder value? Do not round intermediate calculations. Round your answer to two decimal places. %

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