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

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9. Problem 11.13 (MIRR) eBook Problem Walk-Through A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Project X Project Y $1,000 -$1,000 $110 $1,000 $300 $90 $430 $45 $700 $50 The projects are equally risky, and their WACC is 11%. 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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