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Internal rate of return: Great Flights, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $161 million. The company would

Internal rate of return: Great Flights, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $161 million. The company would lease the aircraft to an aiine. Cash flows from leasing the proposed leases are shown in the following table. What is the IRR on this project? The firm's required rate of return is 15 percent?

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