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Management of Cullumber , Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $157,028,832. The company would lease the aircraft

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Management of Cullumber , Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $157,028,832. The company would lease the aircraft to an airline. Cash flows from the proposed leases are shown in the following table. Years Cash Flow $27,015,000 1-4 5-7 61,490,000 8-10 72,150,000 What is the IRR of this project? (Round answer to 2 decimal places, es. 15.25%) The IRR of this project is %

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