Management of Sycamore Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $279,550 and will generate cash flows of $103,750 over each of the next six years. If the cost of capital is 15 percent, what is the MIRR on this project? (Round intermediate calculations to 4 decimal places, e.g. 1.2514. Round answer to 2 decimal places, e.g. 15.25%.)

Is considering purchasing three aircraft for a total cost of $187,585,296. 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 $27,735,000

5–7 80,030,000

8–10 93,590,000

What is the IRR of this project? (Round answer to 2 decimal places, e.g. 15.25%.)

The IRR of this project is what %