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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 $110

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 $110 $320 $400 $750

Project Y -$1,000 $900 $90 $50 $55

The projects are equally risky, and their WACC is 11%. 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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eBook Problem Walk-Through A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 1 2 3 4 0 Project X -$1,000 $110 $320 $400 $750 Project Y -$1,000 $900 $90 $50 $55 The projects are equally risky, and their WACC is 11%. What is the MIRR of the project that maximizes shareholder value? Do not round intermediate calculations. Round your answer to two decimal places. % Check My Work

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