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

Value an umbrella stand that sells 38 umbrellas when it is rainy and 0 when not. The probability of rain
on any given day is 36%. Each umbrella sells for $5 and costs $1 to make. There are no other costs. The
business lasts 2 years and the company does not pay tax. Calculate the discounted cash flow and show
all work
image text in transcribed
Value an umbrella stand that sells 38 umbrellas when it is rainy and O when not. The probability of rain on any given day is 36%. Each umbrella sells for $5 and costs $1 to make. There are no other costs. The business lasts 2 years and the company does not pay tax. Calculate the discounted cash flow and show all work

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