John Smith seeks $15 million from a VC fund.John and the VC agree that the company should be ready to go public in 8 years.At that time the company should have a market capitalization of $368.75 million.If the VC requires a 45% return on their investment,what is the VC's stake at the time of the IPO?
A) $368.75 million
B) $293.11 million
C) $202.65 million
D) $15 million
Correct Answer:
Verified
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