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Q 2 ) You work for an investment bank. The managing director, Ms . James, is trying to value a client company that is in

Q2) You work for an investment bank. The managing director, Ms. James, is trying to value a client company that is in the cutting-edge of enterprise software, and currently has negative earnings and negative cash flow. Ms. James prior valuation experience has been mostly with client companies that have positive cash flow. Ms. James has asked you for your advice on how to value this enterprise software company. How will you respond?

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