As technology venture CEO, you are presenting your software company's seed round to a potential VC associate, who is a partner at a VC fund. According to your team, you have 502 users this year (year 1) with each paying $150/mo. for your software-as-a-service product.

Your CFO says your annual expenses are around $225k annually and projected to rise 12.5% each year (year-on-year increase). The good news is, that your users will experience year-on-year growth of 25% in year 2, 30% in year 3, and 35% in the fourth year. More importantly, in years 3 and 4, you are improving the product and can charge customers $250 a month.

Assuming 4-year projection time-horizon, what is:

• Your gross burn (in $) for year 3 [show as positive value, if -225,000, write as 225000] 

• Your profit margin (%) for year 2 [if 52%, write 0.52] 

• Assuming your industry average P/E ratio or multiplier, what is your terminal value ($) for year 4 as an exit valuation? [if 4.54MM, write out full to the nearest dollar, e.g. 4542314]  

• Enter your responses for the 3 answers above on Sakai, as well as upload an excel sheet (.XLSX format) of your analyses with formulas.