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MIRR A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 3 4 Project X $(1,000)

MIRR

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

0 1 2 3 4
Project X $(1,000) $100 $320 $370 $750
Project Y $(1,000) $1,000 $110 $50 $55

The projects are equally risky, and their WACC is 13%. 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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