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Question 1 A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 4 600 0 1 2 3 Project

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Question 1 A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 4 600 0 1 2 3 Project X -1,000 200 400 500 Project Y -1,000 1,100 200 100 The projects are equally risky and their WACC is 11%. What is the MIRR of the Project that maximizes shareholder value? 100

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