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MIRR and NPV: Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below: Year 0: X-$5,000,

MIRR and NPV: Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below: Year 0: X-$5,000, Y -$5,000; Year 1.) X = 1,000, Y = 4,500; Year 2.) x = 1500, y = 1500; Year 3.) x =2,000, y =1,000; Year 4.) x = 4,000, y = 500. The projects are equally risky, and their cost of capital is 12%. You msut make a recommendation, and you must base it on the modified IRR (MIRR). Calculate the two projests MIRR's. ARound your answers to two decimal places. Project X = %; Project Y = %. Which project has the higher MIRR?

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