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

A firm is considering two mutually exclusive projects, X and Y, with the following cash flows:
01234
Project X -$1,000 $110 $280 $430 $700
Project Y -$1,000 $1,100 $110 $55 $50
The projects are equally risky, and their WACC is 13%. What is the MIRR of the project that maximizes shareholder value? Do not round intermed

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