MIRR and NPV Your company is considering two mutually exclusive projects, X and Y whose costs and cash flows are shown below: Year Y 0 -$5,000 -$5,000 1 1,000 4.500 2 1,500 1,500 3 2,000 1,000 4 4,000 500 The projects are equally risky, and their cost of capital is 119. You must make a recommendation, and you must base it on the modified IRR (MIRR) Calculate the two projects' MIRRS. Do not round intermediate calculations. Round your answers to two decimal places Project X Project Which project has the higher MIRR Select has the higher MIRA