An airline is trying to decide whether to lease a new a be Boering $737$Max$.$ that costs $$135\mathrm{.}0$million$.$ Pertinent information:

$$Cost of aircraft: $$135\mathrm{.}0$million

$$Lease cost: $$18\mathrm{.}0$million per yr $($at beginning of each year$)$

$$No salvage value

$$Cost of debt $7\mathrm{.}14\%$

$$CCA rate for aircraft: $25\%$

$$Tax rate: $30\%$

$$KHK LBO SPECIALISTS PLAN TO BUY ABC COMPANY WHICH HAS $5\mathrm{.}0$MILLION SHARES OUTSTANDING.

$$KHK HAS OFFERED $$15\mathrm{.}00$PER SHARE WHICH WILL BE ACCEPTED AS IT IS CURRENTLY TRADING AT $$10\mathrm{.}00$PER SHARE.

$$KHK HAS ARRANGED AN $8\%$ BANK LOAN TO FINANCE $80\%$OF THE ENTIRE TRANSACTION.

IF KHK CAN SELL THE $5\mathrm{.}0$MILLION ABC SHARES ONE YEAR FROM NOW @ $$20\mathrm{.}00$PER SHARE $($AT SAME TIME REPAYS BANK$)$WHAT WILL BE HIS RATE OF RETURN?