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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 $280 $430 $750

Project Y -$1,000 $1,100 $110 $45 $55

The projects are equally risky, and their WACC is 10.0%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places.

____%

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