A start-up chemical company has an average cost of capital of 18% per year. Additionally, it has a long-term goal of making at least a 25% per year rate of return on all investments; however, because of market opportunity the ROR can be reduced for the current project by 3%. If the company acquired $61,000,000 in venture capital, how much did it have to earn in the first year? In the first year, the chemical company had to earn $|