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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows . Project X -$1,000 $100 $280 $430 $650 Project

A firm is considering two mutually exclusive projects, X and Y, with the following cash flows

.

Project X -$1,000 $100 $280 $430 $650
Project Y -$1,000 $900 $100 $50 $55

The projects are equally risky, and their WACC is 8%. 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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