• Please provide a description of explicit and implicit financing cost implications associated with a venture's need for additional funds.
• How is the cost of equity capital for private ventures estimated?In developing your answer describe the major components that are considered when estimating the rates of return required by venture capitalists.
• Define the concept of the weighted average cost of capital (WACC) and explain how a venture's WACC changes as it moves through a successful life cycle of venture? Please substantiate your answer with some numerical examples.