SHOW WORK A firm is considering two mutually exclusive projects, X and Y, with the following...

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SHOW WORK 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 $280 $400 $650 Project Y -$1,000 $1,100 $110 $50 $55 Theprojects are equally risky, and their WACC is 11%. What is the MIRRof the project that maximizes shareholder value? Do not roundintermediate calculations. Round your answer to two decimalplaces.

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SHOW WORK 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 $280 $400 $650 Project Y -$1,000 $1,100 $110 $50 $55 Theprojects are equally risky, and their WACC is 11%. What is the MIRRof the project that maximizes shareholder value? Do not roundintermediate calculations. Round your answer to two decimalplaces.

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