Consider the following "denominators" suggested as part of a comparables analysis: (a) Number of unique visitors to a Web site (b) Number of patents held by the company (c) Number of demo software programs downloaded per month For each of these four denominators, choose the numerator that is most appropriate for doing comparables analysis. Enterprise Value for (a) and (b) only, and Market capitalization for (c) Enterprise Value for all Market capitalization for all Enterprise Value for (a) and (c) only, and Market capitalization for (b) Question 12 1 pts VCs forecast \$5OM exit revenue for its portfolio firm, and the average multiple in the same industry as its portfolio firm is Enterprise Value (EV) 5x revenue. Applying comps (comparables) for exit valuation, what would be the reasonable exit valuation? \$150M $250M $350M