Five years ago, Mantel Venture Capital (MVC) provided funding to a start-up "PT NgopiBro" amounting to Rp. 120 billion in equity by buying 200 million shares (share: 50%). Currently "PT. NgopiBro" is estimated to have a market valuation of Rp. 500 Billion and has a bank loan of Rp. 100 Billion. Do the following things 

a. Calculate the annualized return from PT. Mantel Venture Capital during the period investment! 

b. Furthermore, if PT. Mantul Capital intends to "exit" from the company by selling shares through IPO; calculate the price per share (based on market valuation)! 

c. The cost for the IPO is estimated at 20% of the emissions. Recalculate the return on investment earned (after deducting IPO fees)! 

d. If for this kind of project MVC has a required return of 30%; Is the decision Is the funding a successful project? Why?

Answer rating: 100% (QA)

Cost of 200 million shares Rp 120 Billion Cost per share 120Billion200Million shares 6... View the full answer