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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 2 0 1 3 4 Project x -$1,000 $100

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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 2 0 1 3 4 Project x -$1,000 $100 $300 $370 $650 Project Y -$1,000 $900 $90 $45 $55 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. %

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