MIRR A firm is considering two mutually exclusive projects, X and Y, with the following...
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Accounting
MIRR
A firm is considering two mutually exclusive projects, X and Y, with the following cash flows:
| 0 | 1 | 2 | 3 | 4 |
| Project X | $(1,000) | $100 | $320 | $370 | $750 |
| Project Y | $(1,000) | $1,000 | $110 | $50 | $55 |
The projects are equally risky, and their WACC is 13%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places. Do not round your intermediate calculations.
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