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Management of Blossom, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $123,007,523. The company would lease the aircraft to
Management of Blossom, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $123,007,523. The company would lease the aircraft to an airline. Cash flows from the proposed leases are shown in the following table. Years 1-4 Cash Flow $17,625,000 54,000,000 5-7 8-10 60,000,000 What is the IRR of this project? (Round answer to 2 decimal places, e.g. 15.25%.) The IRR of this project is % Save for Later Attempts: 0 of 3 used Submit
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