Venture capital fund X makes a $2 miltion dollar investment 7 years later the firm liquidates its investment for $3 million. The IRR of the investment is greater than 6%. True False QUESTION 12 The (fully diluted share count) is the total of all existing shares + things that might eventually convert into shares. True False QUESTION 13 A firm has a rule Only consider investments that are expected to return at least 4% points above the company's cost of capilal The company's cosl of capital is 11% Project X will cost $1 million at time zero and generate $400,000 per year for five years After five years the project is worthless. The company should consider this project since its IRR is more True False