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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 3 4 Project x -$1,000 $110 $250

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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 3 4 Project x -$1,000 $110 $250 $370 $650 Project Y -$1,000 $1,100 $110 555 $45 The projects are equally risky, and their WACCI% 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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