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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: the projects are equally risky, and their WACC is

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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: the projects are equally risky, and their WACC is 8.5%. What is the MIRR of the project that maximizes shareholder value? t = 0 1 2 3 4 5 Project X -1,100 175 275 325 375 375 Project Y - 1,100 675 325 175 125 125 10.62% 10.14% 12.46% 10.56% 9.83%

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