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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 3 Project X -$1,000 $100
A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 3 Project X -$1,000 $100 $320 $370 $700 Project Y -$1,000 $900 $100 $55 $45 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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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
