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Suppose a venture's first cash flow is expected in Year 6, and the cash flow is expected to be 3,891,326. A comparable firm has earnings
Suppose a venture's first cash flow is expected in Year 6, and the cash flow is expected to be 3,891,326. A comparable firm has earnings of 31,104,064 and a market cap of 412,501,981. Assuming a discount rate of 15%, find the present value (at Year 0) of the firm in do
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