A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Year 0 1 2 3 4 Project X -$1,000 $100 $280 $370 $700 Project Y -$1,000 $1,100 $110 $50 $55 The projects are equally risky, and their WACC is 8.0%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places.