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Value an umbrella stand that sells 42 umbrellas every day that it is rainy and 0 when it is not. The probability of rain on

Value an umbrella stand that sells 42 umbrellas every day that it is rainy and 0 when it is not. The probability of rain on any given day is 32%. Each umbrella sells for $5 and costs $1 to make. The business lasts 2 years and does not pay tax. The companys capital structure is weighted 60% equity and 40% debt. The cost of equity and cost of debt are 11% and 4%, respectively. Calculate the discounted cash flow to value the umbrella stand and show all work.

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