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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Project X Project Y 0 % 1 2 3

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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Project X Project Y 0 % 1 2 3 -$1,000 $110 $300 $370 $650 -$1,000 $1,100 $100 $50 $50 The projects are equally risky, and their WACC is 9%. What is the MIRR of the project that maximizes shareholder value? Do not round intermediate calculations. Round your answer to two decimal places. Project L requires an initial outlay at t = 0 of $40,000, its expected cash inflows are $9,000 per year for 9 years, and its WACC is 10%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. SA

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