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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 -$1,000 $90 $300

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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 -$1,000 $90 $300 $370 $650 Project Y -$1,000 $900 $100 $45 $45 The projects are equally risky, and their WACC $ 13%. What is the MIRR of the project that maximizes shareholder value? Do not round Intermediate calculations. Round your answer to two decimal places, 2.30

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