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Management of Oriole, Inc., an aviation form, is considering purchasing three aircraft for a total cost of $187,585,296. The company would lease the aircraft to
Management of Oriole, Inc., an aviation form, is considering purchasing three aircraft for a total cost of $187,585,296. 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 $27,735,000 80,030.000 93,590,000 5-7 8-10 What is the IRR of this project? (Round answer to 2 decimal places, e.g. 15.25%.)
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