Question: 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

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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