A company is expected to be worth $45.3 million in seven (7) years from today. A VC firm will invest $3.00 million today in the company with a required annual return of 27.5%. How much total proceeds (in millions) should the non-VC common shareholders receive in seven (7) years from today if the company is sold at that time for its expected value?

Answer rating: 100% (QA)

Solution To calculate the total proceeds that the nonVC common shareholders should receive in seven ... View the full answer