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Use the following information to answer Questions 33 through 36. The venture capital company's founders believe they can sell the company for $70 million in
Use the following information to answer Questions 33 through 36. The venture capital company's founders believe they can sell the company for $70 million in five years. They need $9 million in capital now, and the entrepreneurs wish to hold 1 million shares. The venture capital investor requires a return of 35%. Use the IRR venture capital method, assuming a single financing round.What is the stock price per share? A. $2.39. B. $6.61. C. $12.25
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