Suppose a venture's first cash flow is expected in Year 7, and the cash flow is expected to be 6,921,625. A comparable firm has earnings of 41,052,086 and a market cap of 315,832,311. Assuming a discount rate of 33%, find the present value (at Year 0) of the firm in dollars.

Answer rating: 100% (QA)

To find the present value of the firm at Year 0 we need to discount the ca... View the full answer