You are a VC evaluating an investment into NewCo. NewCo is hoping to raise $5,000,000, which they anticipate will be the only funding necessary for the company to reach cash flow breakeven. They project the business will achieve sales of $500,000 in year 1 , $2,000,000 in year 2 and $9,000,000 in year 3 . Although they do not anticipate needing any additional funding during this period, they also do NOT expect to distribute any dividends either (i.e. any positive cash flow during the projection period will be used to support growth). Therefore the only cash flow received by an investor would be upon an exit. You are using the Venture Capital Method of valuation. You expect that - should NewCo achieve these results - they would likely receive acquisition offers at the end of year 3 valuing the company at 6.0 sales. What discount rate would result in an NPV of the investment exactly equal to the $5,000,000NewCo is hoping to raise (i.e. what is the breakeven hurdle rate)