Question
You own 100% of a small business. You need a $250,000 investment. Your forecast shows net income of $1,500,000 in five years. You expect that
You own 100% of a small business. You need a $250,000 investment. Your forecast shows net income of $1,500,000 in five years. You expect that the company will be worth 10 times future earnings. What percentage of your business would you offer for a $250,000 investment in order for the investor to achieve a 45% return?
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
