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MIRR A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: Project X -$1,000 $100 $320 $430 $700 Project

MIRR

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

Project X -$1,000 $100 $320 $430 $700

Project Y -$1,000 $1,100 $100 $45 $50

The projects are equally risky, and their WACC is 12%. 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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