MIRR and NPV Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below: The projects are equally risky, and their cost of capital is 11%. You must make a recommendation, and you must base it on the modified IRR (MIR). Calculat the two projects' MIRRs. Do not round intermediate calculations. Round your answers to two decimal Project X:% Project Y: % Which project has the higher MIRR? has the higher MIRR