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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Project X -Period 0: $1,000 Period 1: $90 Period

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

Project X-Period 0: $1,000 Period 1: $90 Period 2: $320 Period 3: $400 Period 4: $750

Project Y-Period 0 :$1,000 Period1 :$1,100$ Period2: 100$ Period 3:45$ Period 4 : 45

The projects are equally risky, and their WACC is 9%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places. Do not round your intermediate calculations.

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