Management of Great Flights, Inc., an aviation firm, is considering purchasing three aircraft for a total cost
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Question:
Management of Great Flights, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $123,007,523. 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. $17,625,000
5-7. 54,000,000
8-10. 60,000,000
What is the IRR of this project?(Round answer to 2 decimal places, e.g. 15.25%.)
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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