Whose costs and cash flows are shown belowthe projects are


Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below:

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The projects are equally risky, and their cost of capital is 12%. You must make a recommendation, and you must base it on the modified IRR (MIRR). Which project has the higher MIRR?

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Finance Basics: Whose costs and cash flows are shown belowthe projects are
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