Airjeep is the Philippine's leading budget airline company. To cater to the increasing demand of domestic short-haul flights, it has been decided to purchase additional aircrafts that could fill in the gap. From which supplier should the company purchase new planes, and how much cheaper are they? Assume straight-line depreciation and a tax rate of 40%. The after-tax MARR is 8% per year. Use annual worth method. Supplier First Cost Annual Annual O&M Life Salvage Revenue Costs (years) Value Cyprus P5,150,500,000 P900,000,000359,000,00020 P14,000,000 Commercial Aircrafts Damascus P5,500,000,000P950,000,000P375,000,000 25 P14,000,000 Bros