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You have determined the enterprise value of Manufacturing Co to be $10 million. Net debt is $2 million. You are valuing a minority interest

You have determined the enterprise value of Manufacturing Co to be $10 million. Net debt is $2 million. You are valuing a minority interest in the company and consider it is necessary to make two adjustments to your valuation, one for the minority nature of the interest being valued of 23% and a second for key man risk, which you have assessed at 15%. What is the value of Manufacturing Co?

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