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Suppose a venture's first cash flow is expected in Year 7, and the cash flow is expected to be 4,769,129. A comparable firm has earnings
Suppose a venture's first cash flow is expected in Year 7, and the cash flow is expected to be 4,769,129. A comparable firm has earnings of 69,364,696 and a market cap of 41,073,096. Assuming a discount rate of 30%, find the present value (at Year O) of the firm in dollars
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