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You Are a Venture Capitalist, and You Are Considering Taking

Question 56

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You are a venture capitalist, and you are considering taking over a firm that you think has a lot of potential.However, to realize that potential, the firm will have to make additional investments after you have taken it over.At present, you are not sure whether you will be able to finance those investments purely with equity capital.How should you not calculate the NPV of the firm, including the new investments, at present?

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Since the firm's future level o...

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