Question: Please help me solve this question. Below the problem is an excel screenshot of the how the problem is computed in excel. Can you help
Please help me solve this question. Below the problem is an excel screenshot of the how the problem is computed in excel. Can you help me to understand how to set this up to solve the problem? BTW this new coding used by Chegg is very difficult to type in the questions?


(1 point) Mavs Airlines is about to buy 5 commuter jets. Each airplane costs $51 million. A bank has put together a consortium to finance the deal. The consortium includes a 20% equity investment and an 80% debt component. The debt has an interest rate of 9% annually and is a term loan over 10 years. At the end of each of the next 10 years, Mavs Airlines will receive a lease payment of $36 million. At the end of the 10-year lease term, Mavs Airlines can sell the aircraft for $10 million each (anticipated fair market value). The airplanes will be depreciated on a straight-line basis over 5 years to zero salvage value. If the equity partner in the lease has a tax rate of 35%, what are the expected cash flows to equity (rounding to the nearest cent)
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