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You are tasked with providing a range of values for a startup business that is planning an IPO (Initial Public Offering). the business generated a

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You are tasked with providing a range of values for a startup business that is planning an IPO (Initial Public Offering). the business generated a cash flow of $60 million over the last twelve months. Management projects the cash flow to grow by 15 percent year-over-year for the next five years. Based on the current valuation of mature businesses in the industry, the terminal value of the startup will be $300 million after five years and the discount rate is 10 percent. What is the current value of the startup based on the management's growth projection? Find the range of values for the business if the growth rate of cash flow could be between 10 and 20 percent

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