Mutually exclusive projects-what is mirr of better project

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Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below: Year Project X Project Y 0 ($2,000) ($2,000) 1 200 2,000 2 600 200 3 800 100 4 1,400 100 The projects are equally risky, and their cost of capital is 10%. You must make a recommendation, and you must base it on the modified IRR. What is the MIRR of the better project?

Reference no: EM131332399

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