Irr of project-management of cullumber

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Management of Cullumber, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $166,023,819. The company would lease the aircraft to an airline. Cash flows from the proposed leases are shown in the following table.

Years. Cash Flow

1-4. $20,855,000

5-7. 75,950,000

8-10. 94,550,000

What is the IRR of this project? (Round answer to 2 decimal places, e.g. 15.25%.)

The IRR of this project is?

Reference no: EM132504562

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