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Optimal Annual interest rate _ Daily interest rate 0.0559% Current ticket price Increased ticket price Daily demand for tickets Daily discount factor 0.999441 Q. #

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Optimal Annual interest rate _ Daily interest rate 0.0559% Current ticket price Increased ticket price Daily demand for tickets Daily discount factor 0.999441 Q. # of days worth to purchase on day 1 (at low price) _ Cost on day 1 $828.00 . . . . This IS like an annurty of $3.50 NPV of costs from day Q+1 on ### per day, beginning on day Q +1, KN Total NPV _ all discounted back to day 1

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