1. Jet Blue is analyzing the purchase of a Boeing 737 Max. Jet Blue has negotiated a discounted price of $40 million upon delivery (Time Zero) plus $35 million to be paid at the end of Year 2. Jet Blue has determined the newaircraft will be more efficient and generate additional profitable revenue. The airline txpects incremental after-tax profits of $16 million, $19 million, $20 million, $21 million and $19 million at the end of Years 1, 2, 3, 4 and 5 respectively. A) Draw a timeline. B) Calculate the NPV given Jet Blue's WACC of 7% 2. What is the MIRR for Jet Blue's new aircraft based on the assumptions given in Q 1