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well on paper lets check it out...

M3: 425 hp/406 lb-ft

F Type V6: 375 hp/339 lb-ft
F Type V8: 488 hp/461 lb-ft
F-Type R: 542 hp/502 lb-ft

So depending on the XE's kerb weight we could have ourselves one cracking showdown ;)
the v8 model definitely has a power advantage over the M3.

but where the M3 holds it down is in the handling dynamics
 
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