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You form a new company. Initially, there are 10,000 authorized shares. You contribute $100 of cash to the company and issue yourself 1,000 shares. After

You form a new company. Initially, there are 10,000 authorized shares. You contribute $100 of cash to the company and issue yourself 1,000 shares. After a few days you convince 5 friends to buy 10 shares each for $200 per share. What is the new equity valuation of your company. Use the $ symbol and commas as appropriate...no decimals.

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