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Management of Pharoah, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $173,410,710. The company would lease the aircraft to
Management of Pharoah, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $173,410,710. 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 $28,555,000 69,870,000 79,600,000 5-7 8-10 What is the IRR of this project? (Round answer to 2 decimal places, e.g. 15.25%.) The IRR of this project is %
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