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This question is on page 3 3 8 Question 1 0 - 6 . In the text book Entrepreneurship Starting and Operating a Small Business

This question is on page

338

Question

10 - 6 .

In the text book "Entrepreneurship Starting and Operating a Small Business"

4

th Edition

Written by Steve Mariotti and Caroline Glackin

If the owner of Bright Rays Tanning Salon, Inc. invested $

200, 000

and had an investor pay $

45, 000

for

15 %

of the corporation, what is the valuation of the business for the investor?

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