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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

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

0 1 2 3 4

Project X $ -1000 $110 $300 $430 $700

Project Y $ -1000 $1,100 $90 $55 $50

The projects are equally risky, and their WACC is 11%. What is the MIRR of the project that maximizes shareholder value?

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