Rework the two-stage example of Section 10.5 with first- and second-round required returns of 55 percent and

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Rework the two-stage example of Section 10.5 with first- and second-round required returns of 55 percent and 40 percent (instead of the original 50 percent and 25 percent). Interpret your results as they relate to the founders’ ownership and the feasibility of the financing.

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Entrepreneurial Finance

ISBN: 978-0538478151

4th edition

Authors: J . chris leach, Ronald w. melicher

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