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The world airline system is composed of the routes X and Y, each of which requires 12 aircraft. These routes can be serviced by three

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The world airline system is composed of the routes X and Y, each of which requires 12 aircraft. These routes can be serviced by three types of aircraft A,B, and C. There are 6 type A aircraft available, 12 type B, and 12 type C. These aircraft are identical except for their operating costs, which are as follows: The aircraf have a useful life of five years and a salvage value of $1.2million The alfetaft owners do not operate the areraft themselves but rent them to the operators. Owners act competitively to maximize their rental income, and operators attempt to minimize their operating costs. Alrfares are also competitively determined Assume the cost of capital is 8%. 0.1. Which alraft would be used on which route? 0.2 How much would each aircraft be worth? b-1. Assume the number of type A aircraft increased to 12 . Which aircraft would be used on which route? b-2. How much would each aircraft be worth? c-1. Assume the number of type A aircraft increased to 18 . Which aircraft would be used on which route? e-2. How much would each alferaf be worth? a-2. How much would each aircraft be worth? b-1. Assume the number of type A aircraft increased to 12 . Which aircraft would be used on which route? b-2. How much would each aircraft be worth? c-1. Assume the number of type A aircraft increased to 18 . Which aircraft would be used on which route? c-2. How much would each aircraft be worth? d-1. Assume the number of type A aircraft increased to 24. Which aircraft would be used on which route? d-2. How much would each aircraft be worth? Answer is not complete. Complete this question by entering your answers in the tobs below. Which aircraft would be used on which route? b-2. How much would each aircraft be worth? c-1. Assume the number of type A aircraft increased to 18 . Which aircraft would be used on which route? c2. How much would each aircraft be worth? d-1. Assume the number of type A aircraft increased to 24 . Which aircraft would be used on which route? d-2. How much would each aircraft be worth? Answer is not complete. Complete this question by entering your answers in the tabs below. How much would each aircraft be worth? (Do not round intermediate calcutations. Enter your answars in millions rounded to 1 decimal place.)

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