2,3,4 please

1. (10 pts) If venture investors invest $1,000,000 now, will receive 25% of the exit value, and expect a 20% compounded rate of return on their investment, what is the approximate expected exit value at the end of five years? 2. (10 pts) Estimate a venture's terminal value based on the following information: current year's net income = $20,000; next year's expected cash flow = $26,000; constant future growth rate = 7%; and venture investors' required rate of return = 20%. 3. (10 pts) A venture has raised $4,000 of debt and $6,000 of equity to finance its firm. Its cost of borrowing (pre-tax) is 6%, its tax rate is 40%, and its cost of equity capital is 8%. What is the venture's weighted average cost of capital? 4. (10 pts) If the real interest rate is 5%, the inflation premium is 3% and the expected market return is 10%. Calculate the cost of equity for a firm with a 0.9 beta