value obtained is a cost of operation. The spreadsheet computes the cost per available le (CASM). The aircraft with the lowest net present value CASM is the best financial Prepare a memorandum (not more than 2 pages not including appendices) to Mr. Taylo rizing your analysis and making a recommendation. Remember that Mr. Taylor and his ll need to understand how the analysis was conducted. Explain your assumptions and ology concisely. Insert (copy and paste) and reference Excel worksheets as appendices