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Its Gonna Be Big (IGBB) is seeking venture capital investment of Rs.8 million and the venture capital investor asserts it requires a 30% (compounded annually)

Its Gonna Be Big (IGBB) is seeking venture capital investment of Rs.8 million and the venture capital investor asserts it requires a 30% (compounded annually) expected return. IGBB and the venture capital investor foresee an IPO in four years, at which time IGBB is expected to be valued at Rs.100 million. What share (approximate) of IGBBs equity is necessary for the venture capital investor to achieve its required return?

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