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Question 16 --/1 View Policies Current Attempt in Progress Management of Pharoah, Inc., an aviation firm, is considering purchasing three aircraft for a total cost
Question 16 --/1 View Policies Current Attempt in Progress 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 Cash Flow 1-4 $28,555,000 5-7 69,870,000 8-10 79,600,000 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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