PLEASE ANSWER ONLY PART 3

1.5735194 1.7623417 2. Fly-By-Night Airlines (FBN) wants to set up a private jet service to supplement its commercial airline business. According to the company's CFO, Wiley Post, the demand for air travel is "sky high." As a result, the private jet service will provide a net cash inflow of $135,000 for FBN during the first year, and the cash flows are projected to grow at a rate of 4.7 percent per year forever. The project requires an initial investment of $1,575,000 A. If FBN requires a return of 12 percent on such undertakings, should the private jet service be starte NPV investment criteria. (2 points) Defend your toll. Itt +96141d4to och B. FBN is unsure about the assumption of a 4.7 percent growth rate in its cash flows. At what constant growth rate would the company just break even (NPV=0) if it still required a return of 12 percent on its investment? (1 point) a 3. How are IRR and yield to maturity (YTM) similar? Can there ever be multiple yield to maturities for a fixed term, fixed rate bond? Explain. (2 points) Ees