You're thinking of starting your own company. As best you can tell, you have about a 35 percent chance of success (having done your due diligence and developing an as-airtight-as-possible plan). If you fail, though, you'll lose everything, which in your case is your entire net worth of $339689. In order for this gamble (for that is what all new ventures are, a gamble!) to break even in expected value terms, what must the future value of your company be at minimum? Please round to the nearest whole dollar.

Answer rating: 100% (QA)

To calculate the minimum future value of your company for the gamble to break even in e... View the full answer