Present Value of Cash Flows, 2012-2041, All T-Hangars
	Discount Rates
	7%	6%	5%		Discount Rate = 7%				Discount Rate = 6%				Discount Rate = 5%
Year	Discount Factor				Costs	Revenues	Net		Costs	Revenues	Net		Costs	Revenues	Net
2012	0.935	0.943	0.952		($150,486)	$67,836	($96,339)		($151,906)	$68,476	($97,248)		($153,353)	$69,129	($98,174)
2013	0.873	0.890	0.907		($142,645)	$69,808	($86,132)		($145,349)	$71,131	($87,764)		($148,131)	$72,492	($89,444)
2014	0.816	0.840	0.864		($135,711)	$68,893	($78,886)		($139,588)	$70,861	($81,140)		($143,614)	$72,905	($83,480)
2015	0.763	0.792	0.823		($127,854)	$65,161	($74,396)		($132,747)	$67,655	($77,244)		($137,877)	$70,270	($80,229)
2016	0.713	0.747	0.784		($121,031)	$61,633	($70,032)		($126,849)	$64,596	($73,398)		($133,005)	$67,731	($76,961)
2017	0.666	0.705	0.746		($110,115)	$57,458	($65,498)		($116,496)	$60,788	($69,294)		($123,314)	$64,345	($73,349)
2018	0.623	0.665	0.711		($103,846)	$54,342	($58,022)		($110,901)	$58,034	($61,964)		($118,509)	$62,015	($66,215)
2019	0.582	0.627	0.677		($99,845)	$51,264	($53,872)		($107,634)	$55,263	($58,075)		($116,114)	$59,616	($62,650)
2020	0.544	0.592	0.645		($93,508)	$75,788	($50,444)		($101,754)	$82,471	($54,893)		($110,815)	$89,815	($59,781)
2021	0.508	0.558	0.614		($86,664)	$71,886	($47,321)		($95,196)	$78,962	($51,980)		($104,661)	$86,813	($57,148)
2022	0.475	0.527	0.585		($80,676)	$67,526	($20,401)		($89,455)	$74,873	($22,620)		($99,285)	$83,101	($25,106)
2023	0.444	0.497	0.557		($71,476)	$64,049	($16,746)		($80,001)	$71,688	($18,743)		($89,638)	$80,324	($21,001)
2024	0.415	0.469	0.530		($5,016)	$58,100	$48,894		($5,667)	$65,643	$55,242		($6,410)	$74,251	$62,486
2025	0.388	0.442	0.505		($4,735)	$55,099	$46,349		($5,400)	$62,840	$52,860		($6,167)	$71,757	$60,362
2026	0.362	0.417	0.481		($4,833)	$52,254	$42,370		($5,564)	$60,157	$48,778		($6,414)	$69,348	$56,230
2027	0.339	0.394	0.458		($4,559)	$49,037	$40,164		($5,299)	$56,987	$46,675		($6,166)	$66,319	$54,319
2028	0.317	0.371	0.436		($4,619)	$46,505	$37,758		($5,418)	$54,554	$44,292		($6,365)	$64,093	$52,037
2029	0.296	0.350	0.416		($4,355)	$43,061	$36,320		($5,157)	$50,990	$43,007		($6,117)	$60,476	$51,008
2030	0.277	0.331	0.396		($4,384)	$40,834	$39,517		($5,240)	$48,810	$47,235		($6,275)	$58,441	$56,555
2031	0.258	0.312	0.377		($4,133)	$38,724	$36,552		($4,987)	$46,724	$44,103		($6,027)	$56,477	$53,309
2032	0.242	0.294	0.359		($4,138)	$36,314	$34,442		($5,040)	$44,230	$41,950		($6,150)	$53,971	$51,189
2033	0.226	0.278	0.342		($3,899)	$34,437	$32,686		($4,794)	$42,339	$40,186		($5,906)	$52,156	$49,504
2034	0.211	0.262	0.326		($3,886)	$31,836	$30,809		($4,822)	$39,510	$38,235		($5,997)	$49,135	$47,549
2035	0.197	0.247	0.310		($3,661)	$30,188	$28,887		($4,586)	$37,818	$36,189		($5,758)	$47,479	$45,433
2036	0.184	0.233	0.295		($3,633)	$28,626	$26,485		($4,595)	$36,200	$33,493		($5,824)	$45,879	$42,449
2037	0.172	0.220	0.281		($3,422)	$26,823	$25,137		($4,369)	$34,240	$32,088		($5,590)	$43,809	$41,056
2038	0.161	0.207	0.268		($3,385)	$25,435	$23,697		($4,361)	$32,774	$30,535		($5,633)	$42,333	$39,440
2039	0.150	0.196	0.255		($3,187)	$23,472	$22,493		($4,146)	$30,530	$29,257		($5,406)	$39,810	$38,151
2040	0.141	0.185	0.243		($3,143)	$22,255	$20,932		($4,126)	$29,220	$27,483		($5,432)	$38,465	$36,178
2041	0.131	0.174	0.231		($2,959)	$21,101	$19,282		($3,922)	$27,967	$25,556		($5,212)	$37,166	$33,962
Net					($1,395,805)	$1,439,744	$43,939		($1,485,369)	$1,626,331	$140,961		($1,585,164)	$1,849,922	$264,759