A startup company needs $500,000 in venture capital to continue developing. The startup is forecasting the following EBITDAs starting next year: Year EBITDA 1 -350,000 2 200,000 3 340,000 4 1,050,000 5 1,500,000 The venture capital firm thinks the startup will sell for 6 times EBITDA at the end of the 5th year and the firm will have $1.2 million in debt at that time of which $1 million will be interest-bearing debt. The venture capital firm also expects the startup company to have $200,000 in cash at the end of the 5th year. Assume the venture capital firm is asking for 49% of the straight common stock in return for the $500,000 of financing