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Wrap Technologies ( WRAP ) is a startup company that is selling for $ 1 . 7 0 . Wrap makes a device that allows

Wrap Technologies (WRAP) is a startup company that is selling for $1.70. Wrap makes a device that allows police to immobilize a subject from a range of 10 to 25 feet non-lethally. Some consider it to be the next Taser. It is still losing money and pays no dividends. However, its product is gaining ground and currently being used by many police departments. If we predict WRAPs stock price to be $4 in 4 years and our required rate of return is 14%, would we believe that WRAP is a potentially good investment for us? How would you characterize the risk profile of this company? Would you consider buying WRAP?

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