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1. Web-surfing exercise: Using a particular industry as a focus, find an industry report that covers several ventures having various levels of maturity and/or performance.

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1. Web-surfing exercise: Using a particular industry as a focus, find an industry report that covers several ventures having various levels of maturity and/or performance. Compare their performances in recent years. Develop a model of how you would conduct a multiple-scenario valuation for a newcomer in that industry. What type of discount rate would be appropriate for your approach

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