2. Exhibit 10 of the case shows the required investment over time. Assume a) The life of the project is perpetual. b) There is no side-effect on other aircraft models. c) R&D costs are all expensed in 2001-2008. (1) R&D expenditure from 2009 is zero. e) When launching ABXX, $1 billion for property, plant , and equipment will be depreciated over 10 years on a straight-line basis with zero salvage value. f) From 2009, capital expenditures equal depreciation. g) No additional required investment for working capital from 2009 h) Airbus starts to deliver A3XX from 2009. The number of ABXX delivering increases by an annual rate of 2% perpetually. i) Airbus receives the full payment (in cash) of the plane when it is delivered. There is no payment before that. j) The price per plane is $250 million and the operating margin (EBIT/Sales) is 20%. k) The proper discount rate is 11%. The tax rate is 38%. (1) Suppose Airbus expected to deliver 44 planes in 2009, what's NPV (in 2000) of this project? (1 point) (2) What is the financial breakeven number of planes Airbus needs to be delivered in 2009? (1 point)