Question
Management of Sandhill, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $151,436,474. The company would lease the aircraft to
Management of Sandhill, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $151,436,474. 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 | $18,885,000 | |
| 57 | 67,890,000 | |
| 810 | 87,090,000 |
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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Financial Theory Perspectives From China
Authors: Xingyun Peng
1st Edition
1938134311, 1938134338, 9781938134319, 9781938134333
