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2. Penny Galison of N.E.W. Ventures liked Finn's plan, but thought it nave in one respect: To recruit a senior management team, she felt Finn

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2. Penny Galison of N.E.W. Ventures liked Finn's plan, but thought it nave in one respect: To recruit a senior management team, she felt Finn would have to grant generous stock options in addition to the salaries projected in the business plan. From past experience, she felt management should have the ability to own at least a 15% share of the company by the end of Year 5. With that in mind, what share of the company should Penny insist on today if her required rate of return is 50%? 30%? 2. Penny Galison of N.E.W. Ventures liked Finn's plan, but thought it nave in one respect: To recruit a senior management team, she felt Finn would have to grant generous stock options in addition to the salaries projected in the business plan. From past experience, she felt management should have the ability to own at least a 15% share of the company by the end of Year 5. With that in mind, what share of the company should Penny insist on today if her required rate of return is 50%? 30%

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