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An entrepreneur estimates their company will be worth a total of $10 million in five years from now. An investor makes an offer to acquire

An entrepreneur estimates their company will be worth a total of $10 million in five years from now. An investor makes an offer to acquire 100% of the company (a buy-out) for $6 million today. The entrepreneur knows that if the present value of the company's future worth is lower than the investor's offer, they should accept the offer. Applying a 15% discount rate to the calculations, what is the present value of the company?

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