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Entrepreneur, Tim Berkins, invests $1 million and a venture capitalist invests $1 million in first-stage financing for a 50% interest in the firm. Two years
Entrepreneur, Tim Berkins, invests $1 million and a venture capitalist invests $1 million in first-stage financing for a 50% interest in the firm. Two years later, another venture capitalist invests $3 million in second-stage financing for a 30% interest in the firm. What is the market value on Tim's firm after second stage financing?
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