Newly established entity: Coffee Manufacturing Company WLL ("CM") CM is an individual establishment, launched in 2019, CM specializes in manufacturing coffee capsules for widely distributed coffee machines. The company is currently distributing to local markets and is requesting funding to increase its capacity and expand to the regional market. The following is the summary of the un-audited management accounts and 4-year forecast: Founder travelled the world and identified that there were no coffee tastes that he enjoyed in international markets. Therefore, as an avid coffee lover, he spent two years in R\&D, producing and profiling his own localized coffee capsules for the Arabic market such as karak, saffron, gahwa etc. The founder is 40 years old and works as a full-time employee in an insurance company. Prior to his experience, he spent the majority of his profession working at Unilever and P\&G. His Father is currently managing the factory, whereby his father spent over 20 years managing a poultry manufacturing plant and understand he fundamental operations and supply of manufacturing facilities. As an investment manager, you have been presented a growth-stage investment opportunity. The CEO of the Company has requested you to provide the following: 1- An investment memo, suggesting the fair value of the underlying company using the appropriate valuation technique. 2- A recommendation on whether to buy into the investment or not and at what value and equity stake