The Airbus A380 is the largest civilian aircraft ever built. It can carry 555 passengers on two decks. Initial project investments were \$13B. Assume that the initial investment was paid on December 31, 2008. Assume that Airbus will produce 60 aircraft per year for five years. Each aircraft will be sold for $230M and total operating costs are 75% of revenues. Assume that revenues and costs occur at year-end with the first revenues (and costs) occurring on December 31, 2009. What is the NPV of the project if Airbus' cost of capital is 11% ? Calculate the NPV as of December 31, 2008. Ignore taxes and assume that there are no terminal year cash flows. $2.799B 50.249B $0.078B $2.751B $25.253B