Question: Value an umbrella stand that sells 50 umbrellas when it is rainy and O when not. The probability of rain is 0.3 There are 365

Value an umbrella stand that sells 50 umbrellas when it is

Value an umbrella stand that sells 50 umbrellas when it is rainy and O when not. The probability of rain is 0.3 There are 365 days per year Each umbrella sells for $5 and cost $1 to make The business lasts two years The company is comprised of 50% equity (cost of equity at 12%) and 50% debt (cost of debt at 8%) Calculate the WACC and DCF, showing all work

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