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Value an umbrella stand that sells 38 umbrellas every day that it is rainy and 0 when it is not. The probability of rain on

Value an umbrella stand that sells 38 umbrellas every day that it is rainy and 0 when it is not. The probability of rain on any given day is 36%. Each umbrella sells for $5 and costs $1 to make. The business lasts 2 years and does not pay tax. The company has as much debt as it does equity. The cost of equity and cost of debt is 8% and 10%, respectively. Calculate the discounted cash flow and show all work.

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