Question
Management of Pharoah, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $166,884,758. The company would lease the aircraft to
Management of Pharoah, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $166,884,758. 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 | $24,075,000 | |
| 57 | 76,180,000 | |
| 810 | 79,180,000 |
What is the IRR of this project? (Round answer to 2 decimal places, e.g. 15.25%.)
| The IRR of this project is enter the IRR of this project in percentages rounded to 2 decimal places % |
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Auditing And Systems Exam Questions And Explanations
Authors: Ph.D. Gleim, Irvin N., Ph.D. Hillison, William A., Grady M. Irwin
17th Edition
1581949278, 978-1581949278
