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 fraction of the firm that the VC will receive for its $15 million investment?
A) 20.51%
B) 15%
C) 79.49%
D) 63.47%
Correct Answer:
Verified
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