MIRR and NPV Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below Year -$5,000 4,500 1,500 1,000 500 $5,000 1,000 1,500 2,000 4,000 4 The projects are equally risky, and their cost of capital is 15%. 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 Y Which project has the higher MIRR? 1 -Select- | has the higher MIRR