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 $320 $430 $700
Project Y -$1,000 $900 $90 $55 $45
The projects are equally risky, and their WACC is 12%. 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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Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
