Al Bert seeks $15 million from a VC fund.Al and the VC agree that the company should be ready to go public in 6 years.At that time the company should have a net income of $8.95 million.If comparable firms are expected to be trading at a P/E ratio of 18,what will be the company's market capitalization at the time of the IPO?
A) $213.67 million
B) $142.25 million
C) $161.10 million
D) $123.78 million
Correct Answer:
Verified
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