Question: Suppose a venture's first cash flow is expected in Year 8, and the cash flow is expected to be 1,868,642. A comparable firm has earnings

Suppose a venture's first cash flow is expected in Year 8, and the cash flow is expected to be 1,868,642. A comparable firm has earnings of 72,672,598 and a market cap of 216,383,573. Assuming a discount rate of 27%, find the present value (at Year 0) of the firm in dollars.

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