A firm is considering two mutually exclusive projects, X and Y, with the following cash flows:0 1 2 3 4Project X -$1,000 $90 $320 $370 $750Project Y -$1,000 $1,100 $90 $55 $45The projects are equally risky, and their WACC is 12%. What is the MIRR of the project that maximizes shareholder value?
