MIRR and NPV 0 1 Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below: Year Y -$5,000 -$5,000 1,000 4,500 2 1,500 1,500 2,000 1,000 4 4,000 500 The projects are equally risky, and their cost of capital is 12%. You must make a recommendation, and you must base it on the modified IRF (MIRR). Calculate the two projects MIRRS. Do not round intermediate calculations, Round your answers to two decimal places. Project X: % 3 Project Y: 96 which project has the higher MIRR? Select has the higher MIRR