Question: Anderson Ventures invests ( $ 5 ) million in a startup in exchange for ( 5 0 % )

Anderson Ventures invests \(\$ 5\) million in a startup in exchange for \(50\%\) ownership stake. How much does the startup need to be worth at end of three years so that Anderson Ventures can earn a \(30\%\) annual return over the next three years. \(\$ 10.00\) million \(\$ 21.97\) million \(\$ 10.98\) million \(\$ 15.21\) million

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