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4. Sparkling Water Ltd, expects to sell 5 million bottles of drinking water each year in perpetuity. This year each bottle will sell for 2.25

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4. Sparkling Water Ltd, expects to sell 5 million bottles of drinking water each year in perpetuity. This year each bottle will sell for 2.25 cedis in real terms and will cost 0.80 cedis in real terms. Sales income and costs occur at year end. Revenues will rise at real rate of 6% annually, while real costs will rise at real rate of 10% annually. The real discount rate is 18%. The corporate tax rate is 24%. What is Sparkling worth today

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