FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Seven years ago, you raised $600,000 from Angel investors and promised them they would get a 15% annual return on investment. If you want to

image text in transcribed
Seven years ago, you raised $600,000 from Angel investors and promised them they would get a 15% annual return on investment. If you want to buy their stock back from them today, how much will you have to pay them? O $1.6mm O $630,000 O 512mm $690,000 O $4.9mm

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance

Entrepreneurial Finance

Authors: Simon Hulme, Chris Drew

1st Edition

1352009811, 978-1352009811

More Books

Students also viewed these Finance questions

Question

★★★★★
Give an example of a change in the marketing environment that would have important implications for managing a products pricing.

Answered: 1 week ago

Question

★★★★★
Probability plays a major role in the medical community. Diagnoses are based on probabilities. They are really questions or "what if's", and are answered by the probability that the treatment will be...

Answered: 1 week ago

Question

★★★★★
To test the effect of a new drug on depression, we randomly assign people to control and experimental groups. Those in the control group take a pill that contains no medication. This pill is a .

Answered: 1 week ago

Question

★★★★★
George Ltd manufactures and sells two different types of coils used in electric motors, in September Jessica Martin, the management accountant, compiled the following data for the upcoming annual...

Answered: 1 week ago

Question

★★★★★
Seven years ago, you raised $600,000 from Angel investors and promised them they would get a 15% annual return on investment. If you want to buy their stock back from them today, how much will you...

Answered: 1 week ago

Question

★★★★★
The following details are from the accounting records of Gulf Shore Limited for the year ended April 30: Costs incurred: Direct labour Raw material purchases Indirect labour Maintenance, factory...

Answered: 1 week ago

Question

★★★★★
The Free-Float Company, a company in the 36% tax bracket, has a total capital structure breakdown of 40% riskless debt and 60% equity. The beta of the equity is 1.4, and the asset beta is:

Answered: 1 week ago

Question

★★★★★
for the next year 21,000 units of finished goods have to produced , each consuming 3 units of materials at $6. The expected begining and ending materials inventories are 8,000 units and 12,000 units....

Answered: 1 week ago

Question

★★★★★
Suppose we used a crossover design to test for differences in bruising from subcutaneous sodium heparin injections at three sites in a sample of 15 patients. Surface area of bruises (measured in mm2)...

Answered: 1 week ago

Question

★★★★★
Project or Programme description : for South Africa world Cup 2010 project

Answered: 1 week ago

Question

★★★★★
Write the expression as the sine, cosine, or tangent of an angle. Then find the exact value of the expression. sin 10 cos 50+ cos 10 sin 50 Write the expression as the sine, cosine, or tangent of an...

Answered: 1 week ago

Question

★★★★★
___ 21. I am most fulfilled in my career when I have been able to build something that is entirely the result of my own ideas and efforts.

Answered: 1 week ago

Question

★★★★★
___ 19. I will feel successful in my career only if I achieve complete autonomy and freedom.

Answered: 1 week ago

Question

★★★★★
___ 20. I seek jobs in organizations that will give me a sense of security and stability.

Answered: 1 week ago

Previous Question Next Question