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Jolly Jimbo Caterer Co. is entering the organizational market of airlines. Out of the seven Airlines in the market, three proposed a 10-year contract with

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Jolly Jimbo Caterer Co. is entering the organizational market of airlines. Out of the seven Airlines in the market, three proposed a 10-year contract with Jolly Jimbo Caterer Co. The 1st Airline announced that it needs a catering service worth of $1 million per year for the next ten years. The 2nd Airline ordered $750K for this year but guaranteed a fix 10% growth in demand per year until year 10. The 3rd Airline guaranteed $500K for first three years, $1.5 million for the next three years, and $1 million demand for the last four years. Assuming that the yearly interest/discount rate is estimated to be 3% for the first five years but 5.5% for the next five years, please answer the following questions in the same order as below (Only enter the numerical value (to two decimal places if needed) without any symbol): 1. What is the discounted life-time value of the 2nd Airline

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