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As an entrepreneur launching a startup, your research can lead to a technology with a potential market value of $ 2 5 million if successful.
As an entrepreneur launching a startup, your research can lead to a technology with a potential market value of $ million if successful. However, if the research fails, its value would be zero. To secure funding for your research, you require an initial capital infusion of $ million. Investors are prepared to invest $ million in return for a stake in the firm's unlevered equity. What is the total market value of the firm before introducing any debt?
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