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Calculate the discount rate. Following is the information of a VC fund: - Expected return of the fund: 18% - Fund horizon: 5 - Fund

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Calculate the discount rate. Following is the information of a VC fund: - Expected return of the fund: 18% - Fund horizon: 5 - Fund initial size: 24 millions - Number of startups invested: 15 - Probability of success: 40% Assume that the fund invest in each firm with equal wetght and if a firm fails the firm value will be 0 What is the required rate of return of each firm in the VC fund portfolio? Note: if your answer is 17.51%, enter 17.51 if your answer is 0.1751 , enter 17.51

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