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A firm is considering two mutually exclusive projects, X and Y,with the following cash flows:01234Project X-$1,000$110$280$370$650Project Y-$1,000$1,100$100$55$45The projects are equally risky, and their WACC is 8%. What isthe MIRR of the project that maximizes shareholder value? Roundyour answer to two decimal places. Do not round your intermediatecalculations.%
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