Your company is considering two mutually excluslve profects, $x$ and $Y,$ whose costs and cash flows are shown

below:

The projects are equally risky, and their cosl of capital is $10$ percent. You must make a recommendation, and

you must base it on the modifled IRR. What is the MIRR of the betle project?

a$.11\mathrm{.}50\%$

b$.12\mathrm{.}00\%$

c$.11\mathrm{.}70\%$

d$.12\mathrm{.}50\%$

e$.13\mathrm{.}10\%$