Question: please type your answer show your work and do not use excel please 10.24 Internal rate of return: Great Flights, Inc., an aviation firm, is
10.24 Internal rate of return: Great Flights, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $161 million. The company would lease the aircraft to an airline. Cash flows from leasing the proposed leases are shown in the following table. What is the IRR on this project? The firm's required rate of return is 15 percent. Focusrite sert Format Tools Data Wir 90% ) Sun 4:10 xlsx . 2.2. 120% Searchin Layout Tables Charts Home E SmartArt Formula Data Review Number Liberation Sans Ford 12 - A- A- Agent abe Wrap Text General Norma Clear - B U Morge % 4 Congo Formatting net De A12 . Xfx B A D E F G H 10.24 Internal rate of return: Great Flights, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $161 million. The company would lease the aircraft to an airline. Cash flows from leasing the proposed lenses are shown in the following table. What is the IRR on this project? The firm's required rate of return is 15 percent. Years 1-4 5-7 8-10 Cash Flow 23,500,000 72,000,000 80,000,000
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