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 market capitalization of $161.1 million.If the VC requires a 45% return on their investment,what is the VC's stake at the time of the IPO?
A) $139.41 million
B) $21.75 million
C) $112.67 million
D) $156.23 million
Correct Answer:
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