Question
Management of Sunland, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $149,352,965. The company would lease the aircraft to
Management of Sunland, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $149,352,965. 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 | $25,935,000 | |
| 57 | 56,140,000 | |
| 810 | 67,760,000 |
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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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
