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Equity Valuation Venture Capital. What is the discounted terminal value of a private biotech company that projects $20m in Net Income in Year 7? Comparable

Equity Valuation Venture Capital. What is the discounted terminal value of a private biotech company that projects $20m in Net Income in Year 7? Comparable public companies trade at P/E Ratios of 20x and the VC firm requires a 50% target rate of return.

$15.50m

$23.41m

$18.61m

$32.14m

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