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Management of Sheridan, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $155,174,783. The company would lease the aircraft to
Management of Sheridan, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $155,174,783. The company would lease the aircraft to an airline. Required rate of return is 17.86%. Cash flows from the proposed leases are shown in the following table. What is the IRR of this project? (Do not round discount factors. Round other intermediate calculations to 0 decimal places e.g. 15 and final answer to 2 decimal places, e.g. 5.25%.) The IRR of this project is %
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