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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