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firm is considering two mutually exclusive projects, X and Y , with the following cash flows: 0 1 2 3 4 Project X - $

firm is considering two mutually exclusive projects, X and Y, with the following cash flows:
01234
Project X -$1,000 $90 $280 $400 $650
Project Y -$1,000 $900 $110 $45 $55
The projects are equally risky, and their WACC is 10%. 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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