Redding Ventures, a private equity firm, plans to invest $10 million in Digital Office, a startup tech firm. Redding aims for a 45% annual rate of return on this risk level of investment. This investment is viewed as a 4 year project for Redding. Year 4 Digital Office EBITDA is estimated at $8 million. Digital Office will be 100% equity financed. An EBITDA multiple of 5 is specified by Redding to be used in valuing Digital Office. Calculate the ownership % Redding should require, given the 45% target rate of return. Do you recommend that Redding invest in this project?