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18.31 You own a company that produces and distributes course packets for classes at local universities via the Internet. You have asked a friend to

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18.31 You own a company that produces and distributes course packets for classes at local universities via the Internet. You have asked a friend to invest $35,000 in the business. Your friend wants to know what the business is worth so that he can determine how much of the equity (e.g., what percentage) he should expect to receive for his investment. You offer to help him value the business

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