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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 copital is 12%. You must make a recommendation, and you must base it on the modified iRR (MIRR). Calculate the two projects' MiRRs. Do not round intermediate calcubtions. Round your answers to two decimal places. Project X: % Project Y : Which project has the higher MIRR? has the higher MIRR

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