10. You are a venture capitalist, who is interested in investing in Lam Media, a social media company.You expect revenues to be $600 million in 3 years and believe that you can sell the company for three times revenues at the end of year 3. The cost of capital for the company is 15.it has no cash or debt and there is a 20 chance that the firm will not make it (in which case you will get nothing for the assets). Ignoring cash flows in the next 3 years, what is your estimate of the value of equity in the company today (in millions)? $236.7$23 b.$946.8 c.$1183.5 6.7 d. $1440.0 e. $1800.0

10.You are a venture capitalist, who is interested in investing in Lam Media, a social media company.You expect revenues to be \\( \\$ 600 \\) million in 3 years and believe that you can sell the company for three times revenues at the end of year 3 . The cost of capital for the company is 15. it has no cash or debt and there is a 20 chance that the firm will not make it (in which case you will get nothing for the assets). Ignoring cash flows in the next 3 years, what is your estimate of the value of equity in the company today (in millions)? \\( \\$ 236.7 \\$ 23 \\) b. \\( \\$ 946.8 \\) c. \\( \\$ 1183.5 \\) d. \\$1440.0 e. 6.7 \\( \\$ 1800.0 \\)