A firm is considering two mutually exclusive projects, X and Y, with the following cash flows:
0 1 2 3 4
Project X $ -1000 $110 $300 $430 $700
Project Y $ -1000 $1,100 $90 $55 $50
The projects are equally risky, and their WACC is 11%. What is the MIRR of the project that maximizes shareholder value?