Management of Great Flights, 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

Cash Flow

1-4. $17,625,000

5-7. 54,000,000

8-10. 60,000,000

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