Valuation of the Firm {1.01, 2} The Mosley 'Whllt Don'11:nan'_|1T [WC] has wheat elds that currently produce annual prots of $1,100,000. These elds are expected to produce average annual prots of$820,000 in real terms forever. WC has no depreciable assets, so the annual cash ow is also $820,000. MWC is an altequity rm with 335,000 sham outstanding. The appropriate discount rate for its stock is 16 percent. MWC has an inmtment opportunity with a gross present value of $1,900,000. The investment requires a $1,400,023] outlay now. MWC has no other investment opporttmities. Assume all cash owsarereoeivedatle end ofeachvear. What isthe orioeuershare ofMWC