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A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Project X -$1,000 $110 $280 $400 $700 Project Y
A firm is considering two mutually exclusive projects, X and Y, with the following cash flows:
Project X -$1,000 $110 $280 $400 $700 Project Y -$1,000 $1,100 $110 $55 $55
The projects are equally risky, and their WACC is 10%. 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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