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$15 million in year five. Comparable companies command price/earnings ratios of about 20x. For the risk assumed the VC requires a 50% IRR on the
$15 million in year five. Comparable companies command price/earnings ratios of about 20x. For the risk assumed the VC requires a 50% IRR on the investment. At what price per share will the company issue the shares to the VC? $14.51/ share $15.14/ share $15.74/ share $16.25/ share Step by Step Solution
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Inflation Growth And International Finance
Authors: Alec Cairncross
1st Edition
113865308X, 978-1138653085
