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Management of Blossom, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $165,701,963. The company would lease the aircraft to
Management of Blossom, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $165,701,963. 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 $29,075,000 5-7 61,120,000 8-10 76,350,000 what is the IRR of this project? (Round answer to 2 decimal places, eg, 15.25%.) The IRR of this project is
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