QUESTIONS Considering the primary lease period of 20 years, which airport should GMR invest in? Use simple discounted cash flow analysis techniques such as NPV, IRR, DPP and PI for your calculations Would your decision change if GMR exercised its option to operate the chosen airport for a second term of 30 years? Apart from the basic financial analysis, what other factors would you consider to evaluate the airports? Given the capital investment for the construction of a new terminal at IGIA, Rao asks his team to estimate the value of expanding with the following conservative passenger traffic forecast. Would that change your decision?