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The lessor is able to renew the lease in Year 12, at a monthly lease rate of 1.200% of the fair market value of the

The lessor is able to renew the lease in Year 12, at a monthly lease rate of 1.200% of the fair market value of the aircraft in 12 years

FMV of Aircraft in 12 years: $20M

Life of lease: 8 years

Return costs at end of lease: $3M

Questions Please extend your above analysis to 20 years showing the cash flows for the full 20 years

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