This assignment has three objectives, to: 1) become familiar with the type and magnitude of mainline aircraft operating costs; 2) understand the operating economics of new versus older aircraft; and, 3) learn how net present value analysis is used in capital acquisition decision-making. WestJet, Canada’s second largest airline behind Air Canada, has engaged the aviation consulting firm IFC International to evaluate whether it should continue its expansion to Europe with used Boeing 767-300s or purchase new Boeing 787-8 aircraft. You are the senior financial analyst with IFC assigned to this project and will prepare a memorandum with your analysis and recommendations to Mr. Harry Taylor, WestJet’s Chief Financial Officer. Note: The assignment has detailed requirements similar to those that would be given to a financial analyst. Read it very carefully before beginning work. Ensure that your submission includes all required elements. PLEASE SEE ATTACHED PDF DOCUMENT FOR FULL INSTRUCTIONS and DETAILS.