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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

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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 12%. You must make a recommendation, and you must base it on the modified IRR (MIRR). Calculate the two projects' MIRRs. Round your answers to two decimal places. Project X Project Y Which project has the higher MIRR

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