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Your company is forecasting the following levels of net income over the next five years. Year 1 : $ 1 5 0 , 0 0

Your company is forecasting the following levels of net income over the next five years.
Year 1: $150,000
Year 2: $200,000
Year 3: $225,000
Year 4: $275,000
Year 5: $300,000
An investor approaches you about an investment. He wants to use 35% as a discount rate in computing your company's value. Similar companies have P/E ratios of 15. Calculate your company's current value using the VC method.
Group of answer choices
$1,003,560
$300,000
$150,000
$1,150,000

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