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Vencap Enterprises is evaluating an investment opportunity that will require contributions of $30,300 in Year 1 and $10,300 in Year 2. Returns of $23,000, $61,500,

Vencap Enterprises is evaluating an investment opportunity that will require contributions of $30,300 in Year 1 and $10,300 in Year 2. Returns of $23,000, $61,500, and $41,500 are expected in the three following years. a. What price should Vencap offer for the investment opportunity if it requires a 9.3% return on investment?

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