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Lin's Linens is raising $1 million to fund their growth. They expect to be acquired in 3-5 years for $5 million. You are considering investing

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Lin's Linens is raising $1 million to fund their growth. They expect to be acquired in 3-5 years for $5 million. You are considering investing in Lin's Linens, and your analysis says you want at least a 30% return on your investment. If you assume that the 5-year number is more likely, what would your current valuation of Lin's Linens be? [presentvalue] $1,346,645 $455,166 $269,329

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