Anavex Life Sciences Corp (AVXL)

[Bourbon_on_my_cornflakes]

$208.85 with faster, bigger ramp up

At 20%
Year 1: $1 / (1 + 0.2)^1 = $0.83
Year 2: $12.5 / (1 + 0.2)^2 = $8.68
Year 3: $25 / (1 + 0.2)^3 = $14.47
Year 4: $50 / (1 + 0.2)^4 = $24.11
Residual: $50/(.2-.05) = $333.33, $333.33 / (1 + (0.2)^4 = $160.75

Sum = $208.85