C G H K N P R $ T B E Network Expansion with New Aircraft Revenu Cost Probabilit ted Start Phase I Phase II Phase III es Net Value Success 244 11 Utah 30% 8 Failure 20% 2 Success 278 70% 21 Colorado 287 10 Failure 30%% 3 Success 70% 13 Success 267 65% 11 20 Arizona 21 25% 9 22 Start Failure 23 5 35% 24 25 Failure 26 17% 13 27 28 Failure 29 30% 3 Total 30 31