Consider a start-up requiring $4,000 initial funding Furthermore, assume that a VC estimates the firm would yield the following cash flows with probability p=0.8 and 1p=0.2, respectively. What percentage of equity would the VC demand in a simple common stock capitalization in order to attain an expected IRR = 35\%? 51 percent 75 percent 46 percent 67 percent 83 percent