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Attempts 0 9. Problem 11.13 (MIRR) eBook Problem Walk-Through A firm is considering two mutually exclusive projects, X and Y, with the following cash flows:
Attempts 0 9. Problem 11.13 (MIRR) eBook Problem Walk-Through A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 % Keep the Highest 0/1 1 2 3 4 Project X -$1,000 $90 $300 $400 $700 Project Y -$1,000 $1,000 $110 $45 $45 The projects are equally risky, and their WACC is 13%. 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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