Assume you are a venture capitalist who will make a $2.5 million investment today and will recoup your investment in five years. The expected net income of the project hi year five s $1.8 million and the comparable P/E ratio for the industry is 22. Your required rate of return is 55%. Compute the future value of your investment. What is the terminal value of the project? What is your ownership level? Assume the firm originally has 250.000 shares outstanding, what is the total number of new shares after your investment? What is the price per share that you paid? 3. What is the bid-ask spread and why does the spread exist? Discuss when you would use a limit order. What are the advantages and disadvantages? You purchased 100 shares of INTC common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below what stock price level would you get a margin call (assume no dividends and ignore any interest on the margin account)