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Start-up Company, Inc. has reached an agreement with Kelley VC Fund that the company will be worth 17 times projected earnings of $3,800,000 in five

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Start-up Company, Inc. has reached an agreement with Kelley VC Fund that the company will be worth 17 times projected earnings of $3,800,000 in five years. As a result Kelly VC Fund injected a $2,059,615 equity investment into the company at the beginning of year 1. What fraction (i.e. percent) of the company (i.e., what percentage of the firm's stock) must it own in five years if its target rate of return is 70%? O 54,20% O 51.99% O 45 27% O 27.80% 24,21% O 15.94%

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