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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 -$1000 $100

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

0 1 2 3 4

Project X -$1000 $100 $300 $400 $700

Project Y -$1000 $1000 $100 $50 $50

The projectsz are equally risky, and their WACC is 12%. What is the MIRR of the project that maximizes shareholder value?

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