Management of Crane, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $137,499,019. The company would lease the aircraft to an airline. Cash flows from the proposed leases are shown in the following table.

What is the IRR of this project? (Round answer to 2 decimal places, e.g. 15.25%.)

Years Cash Flow

14

$17,815,000

57

54,720,000

810

91,260,000