First Chicago Method-Hitech, Inc

Using the First Chicago Method and below data, place a value(price) on HiTech Inc. Show Formulas Please.

	Success	Survival Sideways	Failure
Revenue Growth rate (from base of $ 5.00 million)	55%	25%	15%
Revenue level after 3 years; in the Failure scenario, the venture gets liquidated due to failire			6,100,000
Revenue level after 5 years- IPO exit in the Success scenario
Revenue level after 7 years for the last survival scenario
After-tax profit margin and earnings at liquidity	60%	15%	NA
Price-earnings ratio at liquidity	35	9	NA
Value of company at liquidity
Present value of company using discount rate of 35%
Probability of each scenario	0.35	0.45	0.2
10. Expeted present value of the company under each separate scenario
Expected present value of the company
Percentage ownership required in order to invest $4.00 million