Question: Suppose a venture's first cash flow is expected in Year 5, and the cash flow is expected to be 1,619,488. A comparable firm has earnings

Suppose a venture's first cash flow is expected in Year 5, and the cash flow is expected to be 1,619,488. A comparable firm has earnings of 24,868,622 and a market cap of 559,029,791. Assuming a discount rate of 31%, find the present value (at Year 0) of the firm in dollars.

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