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A firm is considering two mutually exclusive projects, x and Y , with the following cash flows: Project x Project Y The projects are equally

A firm is considering two mutually exclusive projects,

x

and

Y,

with the following cash flows:

Project

x

Project

Y

The projects are equally risky, and their WACC is

11 % .

What is the MIRR of the project that maximizes shareholder value? Do not round intermediate calculations. Round your answer to two decimal places.

%

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