8. You are valuing HikeMeet Inc., a social media site for people who like the outdoors. The company had revenues of $10 million in the year that just ended, but has projected revenues and pre-tax operating income (in millions) for the next three years: 1 2 $40 $10 Expected revenues Pre-tax operating income $75 $10 3 $100 $30 The company currently has a NOL (Net Operating Loss carried forward) of $20 million and a book value of equity of $15 million, no debt outstanding and a cash balance of $10 million. If the company maintains its current sales to invested capital ratio for the next 3 years and faces a tax rate of 25%