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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 -$1,000 $100

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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 -$1,000 $100 $300 $370 $650 Project Y The projects are equally risky, and their WACC is 12%. What is the MIRR of the project that maximizes shareholder value? Do not round to two decimal places. -$1,000 $1,100 $110 $55 $45 %

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