You are the CEO of an engineering business that purchased a Gulfstream G550 executive jet for $61.5 million. Assume that your company will keep this jet for 10 years and sell it at an expected salvage value of $20 million. a) Based on the Table 11-2 for the MACRS GDS Property Classes, what is the property class for this asset? b) At the time that the aircraft is sold, which of the following situations will apply? c) At the end of the 5th year, what is the book value of this aircraft based on MACRS depreciation with half-year correction (million dollars)? Give answer to two decimal places. d) At the end of the 5th year, what is the value of this aircraft taking into account the salvage value and assuming that it would operate for a book life of 10 years, based on straight-line depreciation (million dollars)? Give answer to two decimal places. e) At the end of the 5th year, what is the value of this aircraft taking into account the salvage value and assuming that it would operate for a book life of 10 years, based on Sum of Years' Digits depreciation (million dollars)? Give answer to two decimal places.

Suppose that fizzo and pop hop are the only two firms that sell orange soda. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: pop hopadvertise doesn’t advertisefizzo advertise 10, 10 18, 2doesn’t advertise 2, 18 11, 11for example, the upper right cell shows that if fizzo advertises and pop hop doesn't advertise, fizzo will make a profit of $18 million, and pop hop will make a profit of $2 million. assume this is a simultaneous game and that fizzo and pop hop are both profit-maximizing firms.if fizzo decides to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if fizzo decides not to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if pop hop advertises, fizzo makes a higher profit if it chooses (not to advertise, to .if pop hop doesn't advertise, fizzo makes a higher profit if it chooses (not to advertise, to . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.