Question
Management of Crane, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $157,629,836. The company would lease the aircraft to
Management of Crane, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $157,629,836. The company would lease the aircraft to an airline. Cash flows from the proposed leases are shown in the following table.
| Years | Cash Flow | |
|---|---|---|
| 14 | $23,055,000 | |
| 57 | 73,350,000 | |
| 810 | 69,000,000 |
What is the IRR of this project? (Round answer to 2 decimal places, e.g. 15.25%.)
| The IRR of this project is |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles Of Managerial Finance
Authors: Chad Zutter, Scott Smart
16th Global Edition
1292400641, 978-1292400648
