Use the following given information of Greyhorse Partners to answer the following question.

• Greyhorse is willing to provide $1.2 million fundings in exchange for a share of the common stock in a firm called Bull-Builders.
• As this the first-stage financing, Greyhorses required rate of return is 50% per year based on a 5-year investment horizon without receiving any cash until the end of this period.
• Forecast of EBITDA for Bull-Builders in year 5 is $6m.
• EBITDA multiple of similar firms is 7 times.
• Bull-Builders projected balance sheet at year 5 includes $100,000 in cash and $1m in interest-bearing debt.

What is the pre-money value of the firms equity today?

	A.	$5,412,720
	B.	$41,100,000
	C.	$42,000,000
	D.	$4,212,720

please help