2.17% Exhibit 1: Interest rates information (December 2023) Bank loan rate (LIBOR) 1-year Market risk premium Historical average over 6.5% T-bill Historical average over T-bond 5.25% Treasury Bonds Corporate Bonds (10-year maturities) 1-year 1.83% Aaa 3.51% 5-year 2.25% Aa 3.71% 10-year 2.46% A 3.96% 30-year 2.81% Baa 4.23% Exhibit 2: Front Range Airways Financial Information (December 2023) Balance sheet information ($ millions) Current portion of long-term debt Long-term debt Common stock Retained earnings Share information (per-share) $ 300 2,000 450 1,850 Shares outstanding (millions) Book value per share Share price as of December 2023 Other information Bond rating of the firm Beta 400 $ 5.75 $25.00 Baa 1.25