Your company is considering two mutually exclusive projects,X and Y,whose costs and cash flows are shown below: 
The projects are equally risky,and the firm's required rate of return is 12 percent.You must make a recommendation,and you must base it on the modified IRR.What is the MIRR of the better project?
Definitions:
Food Quality Protection Act
A 1996 federal law that set pesticide limits in food, & all active and inactive ingredients must meet safety standards for infants and children.
Toxic Substances Control Act
U.S. legislation enacted to regulate the introduction of new or already existing chemicals, with the aim of protecting human health and the environment.
Unreasonable Risk
A situation or action that exposes individuals to a significant potential for harm that is not justified by the possible benefits.
Human Health
The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.
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